MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 9, 2011 Fido Eases a FundsNet Restriction Fundsters whose mutual funds trade through the Fidelity FundsNetwork might see a spike in shareholder movement soon. Forbes' Sam Subramanian reports that the Boston-based firm just cut the commission-free minimum hold-time on FundsNetwork from 180 days to just 60. According to Forbes, that puts FundsNetwork well ahead of the other supermarkets, with Ameritrade requiring a hold time of at least 180 days, and E*Trade, Schwab and Scottrade requiring 90. The magazine claimed that the shift "significantly improves the attractiveness of style, region and country rotation-based portfolios," allowing those rotations to be applied "more frequently." Printed from: MFWire.com/story.asp?s=38539 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |