In an effort to enhance bond and money market mutual fund product lines for individual investors, Boston-based Fidelity Investments is on the move to make them more accessible to individual investors.
As of Sept. 1, Fidelity will lower the minimum investment for its U.S. Bond Index Fund from $100,000 to $10,000. At the same time, the fund's expense cap of 0.32% will be fixed. Any increase or decrease in that cap would require a vote by fund's board of trustees.