Published on 7 Aug 2023 on etf.com via Yahoo Finance
Odds & Ends: State Street Slashes Fees on 10 ETFs
State Street Global Advisors slashed fees on 10 of its ETFs that hold a total of nearly $80 billion in assets under management.
While the funds make up only about 7% of the $1.1 trillion the firm manages across 137 ETFs, it includes multiple popular index funds. The largest, the $20 billion SPDR Portfolio S&P 500 ETF (SPLG), is now the least expensive S&P 500 index ETF, with an expense ratio of 0.02%, compared to 0.03% for similar funds at BlackRock Inc. and Vanguard Group.