The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:One Month, $987.7MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 5, 2018

One Month, $987.7MM

News summary by MFWire's editors

One month in, Fidelity's [profile] free direct-to-retail mutual funds have flows that would make the vast majority of fundsters envious.

The Boston Behemoth unveiled the Fidelity Zero Total Market Index Fund (FZROX) and the Fidelity Zero International Index Fund (FZILX) on August 1 and launched them on August 3. By August 31, FZROX's AUM rose to $753.5 million, and FZILX's AUM rose to $234.2 million, Fidelity data confirms. Bloomberg picked up on the AUM numbers, most of which probably comes from inflows (though performance probably factored in, too).

Industry fund flows data for August, from third parties like Morningstar, is not yet available, so MFWire looked back to July. Inflows of $987.7 million would've made the new Fidelity funds the 15th biggest fund family by flows in July. Or, looked at another way, adding those flows to Fidelity's July numbers would've increased its net flows by 34.4 percent. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use