Fidelity Boosts Passive Investing With Zero-Fee Index Funds

The transcript discusses Fidelity's introduction of two new zero-fee funds, highlighting the surprising nature of this move given Fidelity's established reputation. The strategy involves requiring customers to open a Fidelity account and using a self-generated index to avoid external fees. The discussion also touches on the potential market impact and whether other players might follow suit.

In what way does the speaker suggest that Fidelity's actions could influence the market?

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What concerns does the speaker express about the sustainability of Fidelity's new index fund?

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