According to my dad, his employer is forcing him to liquidate his holdings in the vanguard mutual fund VWUAX and making him get the fidelity mutual fund FSPGX. My dad already told them no but he’s making it sound like he has zero choice.
According to my dad, they said something about the reason being that his company doesn’t sponsor vanguard funds anymore.
Does this sound right?
Also, I quickly looked through the prospectus’ and FSPGX is completely different than VWUAX. Does anyone know of a similar fidelity fund to that of VWUAX?