- Fidelity announces management fee cuts no 27 index-tracking mutual funds and ETF, set to take effect on July 1.
- The fees on the fund giant's 11 sector ETFs will drop to 0.084% from 0.12%, undercutting the sector ETF charges on Vanguard's lineup (currently 0.1%).
- Those ETFs with cuts: Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS), Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA), Fidelity MSCI Energy Index ETF (NYSEARCA:FENY), Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL), Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC), Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU), Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC), Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT), Fidelity MSCI Telecommunications Index ETF (NYSEARCA:FCOM), Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY), Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)