By Brittany De Lea Published August 01, 2018 Markets FOXBusiness Facebook Twitter Comments Print video Investors cautious amid uncertainty in the markets Shaffer Asset Management President Dan Shaffer and Crossmark Global Investments Chief Market Strategist Victoria Fernandez discuss the driving elements that’s pushing investors to be cautious. Fidelity, one of the largest index mutual fund providers, announced on Wednesday that it will introduce two no-fee funds, giving more investors access to both domestic and global markets. Continue Reading Below The funds are called the Fidelity Zero Total Market Index Fund (FZROX) and the Fidelity Zero International Index Fund (FZILX). They are the industry’s “first self-indexed mutual funds with a zero expense ratio” and will be directly available to individual investors. Expense ratio fees are typically paid by investors to cover the costs of maintaining a fund. The move comes as asset managers have been pressured to lower costs. Investors will pay a zero percent fee regardless of how much they invest in the funds, while gaining exposure to nearly the entire global stock market, the Boston-based mutual fund said. There is no investment minimum, and no domestic money movement fees for investors. Additionally, Fidelity will offer zero investment minimums on mutual funds and 529 college savings plans, and it will reduce pricing on existing mutual funds. Advertisement Investors will have access to the two new funds beginning Friday. The other changes are effective as of Wednesday.