It might be a bit disconcerting to investors that Fidelity is marketing 2 mutual funds with no fees as a "loss leader"... - Fidelity introduced 2 new index mutual funds last week that have no fees whatsoever, now & forever. So what's the catch?https://nyti.ms/2KLvDJf
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Maybe. But it’s not a publicly traded company, and the owners (49% is the family) probably view it as attracting assets under management. In principle the owners may not mind a cost centre as long as the total company works out.
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If Fidelity remains true to itself, it will be fine. My humor; Fidelity will not advertise this as a "loss leader," but essence of rationale via the NYT article. Fidelity was helpful the past few years, regarding how to maximize my profits from selling gratis PFE stock options
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Forward loading... they will cream your profits before you get anything
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How? If they track the index exactly, then commissions and management fees are the only chance to extract revenue. I’m guessing these are loss leaders to support attempted upselling of other products.
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Is this an ad? Shouldn't it be labeled as such?
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