Friday 6 February 2015

State Street Chops Fees On 41 SPDR ETFs

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.



State Street on Tuesday slashed fees on 41 SPDR ETFs by as much as half. "Our primary focus is on helping investors build stronger portfolios while positioning SPDR ETFs for long-term growth," said James Ross, global head of SPDR ETFs, in a press statement. The $897 million SPDR Barclays Aggregate Bond (LAG) saw its expense ratio drop from 0.21% to 0.10%. The drop brings its cost more in line with iShares Core Total Bond (AGG). AGG tracks the same

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