![]() ![]() Meanwhile, the fund family has witnessed a considerable increase in outflows against inflows in its active funds. As investors are shifting more toward passive funds, Fidelity is improving its passive offerings. The cost of some of these funds was lower that of the market leader of passively managed funds Vanguard. Moreover, in July, Fidelity reduced expenses for 27 of its index funds. According to Morningstar Inc., Fidelity, which along with active funds also manages passive funds, witnessed $4.7 billion flow of money in passive funds in July, registering its best monthly increase in nine years. in terms of asset under management, was looking for more love from investors in August. Fidelity Investments, the third biggest fund family of the U.S. ![]()
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