Published on 5 Dec 2023 on etf.com via Yahoo Finance
ETF Fee War Returns to Europe
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LONDON—Europe’s ETF giants are throwing down the gauntlet to rivals with State Street Global Advisors, or SSGA, and DWS slashing fees across products housing tens of billions of dollars of assets in little over a month.
The latest cost-cutting offensive started on Oct. 23 after SSGA chopped the total expense ratio on the $7.1 billion SPDR S&P 500 UCITS ETF (SPY5) from 0.09% to 0.03%, crowning Europe’s new lowest-fee S&P 500 ETF.