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Zero-fee funds cast Fidelity-sized cloud over passive issuers

financial-planning.com

There’s a Fidelity-sized cloud hanging over asset managers gathering at the marquee event for ETFs this week.

After the $2.6 trillion Boston-based behemoth started selling mutual funds without an annual management charge last year, fees — and how to get them — have loomed over the industry. The annual “Inside ETFs” conference in Hollywood, Florida is no exception.