FXAIX Climbs as Its Ultra-Low Fee Widens the Gap With SPY
The Fidelity 500 Index Fund (FXAIX) gained 0.65%, reaching a net asset value of $271.20 as the S&P 500 closed at a record level. The fund’s ultra-low 0.015% expense ratio is also drawing attention because it gives FXAIX a significant cost advantage over the SPDR S&P 500 ETF Trust (SPY). FXAIX Keeps Costs Low FXAIX’s … Read more