Should you invest in an index fund or an ETF? While there are plenty of options for mutual funds and ETFs, this article compares two prominent funds, FNILX and VOO.
The major difference between FNILX and VOO is that while FNILX is a mutual fund, VOO is an ETF or exchange-traded fund.
FNILX is offered by Fidelity, while the Vanguard Group offers VOO.
As for expense ratios, FNILX has zero transaction costs, while VOO has 0.03%.
FNILX does not require a minimum initial purchase requirement, while VOO’s minimum investment requirement is equivalent to 1 share.
Since VOO is an ETF, it is traded all day. On the other hand, since FNILX is a mutual fund, it is traded once a day.
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