Investors are flocking to Fidelity Investments as Vanguard transfers reach record highs. The trend is being driven by investors seeking to take advantage of Fidelity’s low fees and wide range of investment options.
Vanguard, the world’s largest mutual fund company, has seen a surge in transfers to Fidelity in recent months. According to data from Morningstar, Vanguard transfers to Fidelity reached a record high of $3.2 billion in April 2021. This is up from $2.3 billion in March and $1.7 billion in February.
The trend is being driven by investors seeking to take advantage of Fidelity’s low fees and wide range of investment options. Fidelity offers a variety of index funds, ETFs, and actively managed funds, as well as a wide range of retirement and college savings plans. The company also offers a range of services, such as financial planning and portfolio management.
Fidelity’s low fees are also attractive to investors. The company’s average expense ratio is 0.07%, which is significantly lower than the industry average of 0.14%. This means that investors can save money on fees and have more of their money working for them.
The trend of investors transferring to Fidelity is likely to continue as more investors become aware of the company’s low fees and wide range of investment options. With the stock market continuing to reach new highs, investors are looking for ways to maximize their returns and Fidelity is an attractive option.
Overall, investors are flocking to Fidelity as Vanguard transfers reach record highs. The trend is being driven by investors seeking to take advantage of Fidelity’s low fees and wide range of investment options. With the stock market continuing to reach new highs, investors are looking for ways to maximize their returns and Fidelity is an attractive option.
