Fidelity undercuts competitors as it expands low-cost passive range

The new range, offering exposure to Europe ex-UK, Japan, Pacific ex-Japan and emerging markets, have ongoing charges between 0.15% (for the Japan fund) and 0.27% (the emerging markets fund). The prices put them below competitors across the regions. For example, BlackRock's Emerging Markets Equity Tracker fund has an ongoing charge of 0.27%, while Vanguard's has an AMC of 0.4%. The new trackers will be offered selectively to wealth managers, the group said, and managed by institutional asset manager Geode Capital Management. Advisers can only access these new index funds - and its exis...