The conversation between human and AI assistant.
Why do investors invest in index funds like Fidelity Spartan 500 Index (FUSEX) where the expense ratio is 0.10% and not in Vanguard S&P500 ETF (VOO) whose expense ratio is lower (0.05%) despite having the same return?
That makes sense. But why do some investors still choose Fidelity Spartan 500 Index fund over other index funds with lower expense ratios?
One reason that some investors may choose Fidelity Spartan 500 Index fund is because they may have a relationship with Fidelity and trust the quality of their overall offerings.