In a world where the cost of everything seems to be rising painfully, here's a little good news for investors: A growing number of mutual funds are converting to exchange-traded funds (ETFs) and cutting their fees.
More than 60 mutual funds, managing a combined $55 billion, have turned themselves into ETFs in the two years since this trend started, according to data provided by FactSet Research Systems. Recently converted ETFs include Dimensional U.S. Core Equity 2 (DFAC), which has more than $20 billion in assets; JPMorgan International Research Enhanced Equity (JIRE), with more than $5 billion; Fidelity Enhanced Large Cap Value ETF (FELV) with $1.8 billion, and Fidelity Disruptive Automation (FBOT), with more than $100 million.
