The Fidelity Zero Large Cap Index Fund (FNILX) is a fund that was launched in 2018. It has generated an impressive performance since its inception, with an annualized return of 8.7% before taxes. The fund has no expense ratio, making it an attractive option for investors. Warren Buffett has strongly recommended investing in S&P 500 index funds, and the Fidelity Zero Large Cap Index Fund is one of them.
Small-cap stocks have historically outperformed large-cap stocks during the early stages of a bull run. The Fidelity Zero Large Cap Index Fund provides exposure to large-cap stocks. The size of the companies in the index changes with market conditions and large-cap stocks can react differently from small-cap stocks. As such, investing in the Fidelity Zero Large Cap Index Fund can provide investors with a diversified portfolio.
The FTSE's oil majors have had a significant impact on the performance of the Fidelity Zero Large Cap Index Fund. The fund provides investors with exposure to UK or broader large-cap exposure, with a focus on quality-growth style exposure. Surprisingly, the value of large-cap stocks have continued to outperform growth, even in the current market conditions. Additionally, large-cap stocks have performed better than their smaller peers.