Fidelity Investments has lowered the price of 14 of its US stock and bond funds, firing the latest salvo in the price war between some of the world's largest index-tracking managers.
The Boston-based firm, which manages $2.3tn, said it will reduce total expenses on the funds immediately. It said the move meant that "100% of its stock and bond index mutual funds and sector ETFs would have total net expenses lower than their comparable Vanguard fund".
