State Street Global Advisors slashes fees on S&P 500 ETFs

Lowest fees for S&P 500 ETF in Europe

State Street Global Advisors, the asset management arm of US bank State Street Corporation, is set to significantly lower fees on its S&P 500 ETFs in Europe.

Effective from 1 November, the total expense ratio (TER) of the SPDR S&P 500 UCITS ETF will be lowered to 3bps from 9bps, the SPDR S&P 500 EUR Hdg UCITS ETF to 5bps from 12bps and the SPDR S&P 500 ESG Leaders UCITS ETF to 3bps from 10bps. Following these changes, the firm said that its SPDR range will offer the lowest cost physically replicated S&P 500 ETFs domiciled in Europe. State Street Global Advisors shutters two ETFs due to insufficient NAV "These changes are significant for our professional investor base," said Matteo Andreetto, head of SPDR EMEA business at State Street Gl...