Fidelity Investments is removing short-term trading fees for 75 funds, the latest move by the mutual-fund firm to adapt to the growing popularity of low cost exchange-traded funds. Boston - based Fidelity Investments has lifted some fees on 75 funds and increased the number of mutual fund accounts exempt from fees , in a move that has been called " unique and fairly aggressive " . While the rules forbidding excessive trading remain in place , it has made the decision to try to counter the growth of exchange - traded funds , which have seen liquidity increasingly move away from traditional funds . " Mutual - fund companies would like to recoup some of that money , " said Todd Rosenbluth , director of ETF and mutual fund research at CFRA .
Boston - based Fidelity Investments has lifted some fees on 75 funds and increased the number of mutual fund accounts exempt from fees , in a move that has been called " unique and fairly aggressive " . While the rules forbidding excessive trading remain in place , it has made the decision to try to counter the growth of exchange - traded funds , which have seen liquidity increasingly move away from traditional funds . " Mutual - fund companies would like to recoup some of that money , " said Todd Rosenbluth , director of ETF and mutual fund research at CFRA .