Fidelity Investments announced two moves last week that are expected to help the company re-capture market share, according to Morningstar columnist Russel Kinnel. The Boston-based fund giant said it will make its index-fund fee cuts permanent. It also said it would appoint two managers to run independent portions of its Mid-Cap Stock portfolio.
"The firm is really just sticking to the thing that most defines Fidelity: competitiveness," says Kinnel. He notes that in the mid-1990s, Fidelity invested heavily in its struggling bond group. Now, those funds rank among the top in their categories.