Fidelity's No-Fee Funds Unleash the Power of Free

The video discusses Fidelity's decision to offer zero-fee mutual funds, marking a significant shift in the asset management industry. This move challenges index providers to adapt by focusing on factor-based and ESG indexes. It also pressures active managers to innovate and advisors to redefine their roles. The discussion extends to the performance of active bond managers, highlighting the need for better benchmarking in the bond space.

In what ways might the performance of active bond managers be affected by rising rates and pressure on junk bonds?

What are the implications of not properly benchmarking bond managers as compared to stock managers?