It appears from previous replies on this forum that I need to diversify my Fidelity Roth IRA to give it some international exposure.
I have used the Fidelity search filter and based on the following factors have narrowed it down to 2 funds - FSIIX or FSGUX
1. I want a low expense ratio
2. I want an index fund
3. I do not have the $10k min to get into some of them, only $2500
Questions - I do not understand the difference between the explanations of what these funds invest in Morgan Stanley Index v. ADrs
Is there any reason why I should not choose FSIIX - after all it has the lower expenses ratio, and they both invest in large cap-
Seems like FSIIX started in 1997 while FSGUX is newish -2011.
Any help would be appreciated! Thanks.
Spartan International Index Fund - Investor Class
(FSIIX) - Foreign Large Blend, $2500 min, exp ratio .2%
Normally investing at least 80% of assets in common stocks included in the Morgan Stanley Capital International Europe, Australasia, Far East Index, which represents the performance of foreign stock markets.
Spartan Global ex U.S. Index Fund - Investor Class
(FSGUX) - Foreign Large Blend, $2500 min, exp ratio .34%
Normally investing at least 80% of assets in securities included in the MSCI ACWI (All Country World Index) ex USA Index and in depository receipts representing securities included in the index. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings ratio, price/book ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the MSCI ACWI ex USA Index. Lending securities to earn income for the fund.