Fidelity Investments has taken another measure to keep in step with the competition on the price front. The firm has lowered its bond fund fees between five and 20 basis points in a bid to get more investors and advisers to invest in fixed-income mutual funds.

"We believe that reducing fees will now make us even more visible to investors and advisors, and will make an already successful bond fund product line even better," said David L. Murphy, senior vice president and head of fixed income. He emphasized the important role of fixed income as a component of a diversified portfolio.

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