Fidelity ZERO Total Market Index Fund and Fidelity ZERO International Fund - How do you think these are when compared to the Vanguard ones..
I suspect they will end up being slightly less tax efficient than Vanguard, but overall this was an inevitable move and I'm not surprised Fidelty was the first to make the leap.
jw, why is fidelity in a better position to make this move first as opposed to vanguard or charles schwab?
Vanguard is a mutual company and thus can't really afford to promote a loss leader product whereas Fidelity has a long history of doing so. They are fine losing money on these funds if it attracts assets to other, more profitable funds.
they also slashed ER for a bunch of others too