The Fidelity Target Allocation Index-Focused Model Portfolios will offer five different asset allocation mixes, aligned across a spectrum of risk profiles, primarily invested in Fidelity index mutual funds. The inclusion of Fidelity index funds, which are some of the most competitively priced in the industry with expense ratios as low as 0.015 percent, makes these some of the lowest cost models available with an average expense ratio as low as 0.03 percent. Fidelity has a long-standing commitment to use its leadership and scale to consistently deliver enhanced value to investors. For example, as Fidelity has increased its index mutual fund assets to nearly $450 billion, the firm systematically reduced index mutual fund pricing by nearly 50 percent to provide greater value to investors. Notably, as Fidelity passed on the benefit of its scale to investors, its stock and bond index funds and sector ETFs have total net expenses lower than most of Vanguard's comparable funds . . . Source: “FIDELITY® CONTINUES TO DELIVER INDUSTRY-LEADING VALUE WITH LAUNCH OF SOME OF THE LOWEST COST MODEL PORTFOLIOS .” 12 Nov. 2018, - public/060_www_fidelity_com/documents/press- release/Fidelity_Model_Portfolios_Index_Focused_111218.pdf. In addition to low cost portfolios Fidelity offers zero minimums for account opening, zero investment minimums on Fidelity retail and advise mutual funds and 529 plans, zero account fees, zero domestic money movement fees and significantly reduced index pricing. This consistent use of leadership position and scale to improve value for customers indicates Fidelity is utilizing a cost leadership generic strategy. The financial sector is highly competitive – this degree of competition drives innovation. Fidelity is constantly seeking more cost effective, efficient ways of conducting business in order to gain competitive advantage.
Cloud Computing Overview Cloud computing is a network of remote servers hosted by a provider and accessible via the internet to store, manage and process data. Cloud computing is a flexible, cost efficient and scalable model for delivery of IT as a service. It is also elastic, meaning it has the ability to provide dynamic and adjustable services that meet the changing needs of a company. The power of the cloud enables development teams to drive innovation, efficiency and accelerate delivery of business values. However, the single most important benefit of cloud computing may be the ability to deliver technology products and services via new channels, redesign operating models and work in different, more agile ways with business and applications teams. The implementation of cloud computing poses an opportunity for significant competitive advantage while maintaining Fidelity’s cost leadership strategy with low costs and scalability.
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- Spring '17
- Rashmi Jain