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Sun., Oct. 10, 2004

The Spokesman-Review

Index funds can make solid anchors to anyone’s portfolio, especially now that many have jumped on a cost-cutting bandwagon. The biggest, oldest and most famous index fund, Vanguard 500 Index, charges shareholders a mere 0.18 percent a year in operating expenses. Now two of its competitors, Fidelity Investments and ETrade Financial, slashed expenses on some of their funds to just 0.1 percent and 0.09 percent, respectively. You can’t assume all index funds are good deals, however: fees on plain-vanilla index funds that track the S&P 500 range as high as 1.35 percent or so annually.

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Jesse Tinsley

Jim Meehan

Molly Quinn

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