Fidelity Takes Dead Aim At Vanguard On Fund Fees

Fidelity has just slashed fees on 14 of its benchmark stock and bond funds, and now claims it has surpassed Vanguard as the lowest cost provider for funds and ETFs – – – looking for experts to comment on validity of Fidelity’s claim. Is it accurate? How much of an impact will Fidelity’s move have on the fund/ETF front and why? How will Vanguard respond, if at all, and why? Are other fund families offering lower fees? Who are they and what are the fees? All comments welcome. Requirements: Mutual fund and ETF experts, investment experts, investment advisors, actual fund and ETF investors.