The firm is the first major financial institution to launch a fund aimed at investors who are not ready to take the plunge yet, but can see the benefits.
It aims to put a $10 billion fund in place to help low-income investors buy index funds, as well as ETFs with low fees.
“We think we’re the first institution that can take the risk,” said Fred Goodwin, CEO of Fidelity.
“We want to make it clear to investors, ‘Look, this is an investment.
It’s not a stock.
This is your money.’
This is an investing opportunity that has never been done before.
We want to encourage people to try it.”
The fund has a $1.4 billion cap.
The fund is based on the idea that index funds can be useful for investors looking to diversify their portfolios.
Fidelity has a history of investing in index funds.
In 2014, the firm invested $1 billion in IndexFunds.
The fund managed to outperform its benchmark index over the course of two years.
Investors who have been trying to invest in ETFs may have been able to do so because they had been using the stock market to their advantage.
Many index funds rely on buying and selling stocks as a means of diversifying portfolios.
Fidelity is targeting investors who want to diversified portfolios.
But Goodwin said that is not enough.
“What we’re trying to do is make it so that index fund managers have the ability to invest at an extremely low cost, because you can’t buy or sell a whole stock portfolio,” he said.
“And that is really what we’re doing with IndexFund.”
FIDEX is not alone in trying to offer ETFs to low- and middle-income Americans.
The New York Stock Exchange recently launched its ETF-based index, the S&P 500 ETF.
However, the fund was launched to take a riskier approach to investing, according to Fidelity, and the firm said that it plans to add other ETFs in the future.
According to the fund, the Fund will be able to purchase a broad range of ETFs and ETFs that are not available through its existing fund.
“Our mission is to be able, with this new investment, to do more,” Goodwin said.
It is unclear whether the fund will be available for a full year, or if it will only be available once it reaches its initial investment cap of $100 million.
Read more:Fidelity’s index fund was created as part of the firm’s push to expand into low- to middle- income investors.
While the firm is targeting low-to-middle-income investment opportunities, it also wants to make the investment experience as easy as possible for investors.
The firm said it has added “multiple investment strategies” to the index, and it has made it easy to switch between them.
For example, if a person is looking to buy a broad portfolio of index funds with no fees, Fidelity said it will allow the person to purchase the fund with the fee reduction and a lower cost of ownership.
This is an investor opportunity, Goodwin said, and he hopes it helps the fund achieve its goal of helping low-and middle-class Americans invest in a way that is more cost-effective.
Although Fidelity isn’t the first financial institution trying to make ETFs available to low and middle income Americans, it is the firm that is doing so with the most focus on the issue.
Its fund is focused on index funds and has a goal of creating a low-fee index fund, Goodwin added.
And the fund has already attracted attention.
In 2014, FIDEX launched a fund called The Index Fund, which has a 0.25% fee.
The IndexFund has a lower risk of loss and a more diversified portfolio than the other funds on the fund.
The Fund’s $1,600 investment cap is also lower than the funds that are offered by other index funds like the Vanguard Total Stock Market Fund, and also lower by a factor of five than the index funds offered by Fidelity and Vanguard.