State Street Corp (NYSE: STT)'s State Street Global Advisors (SSgA) unit, the third-largest U.S. issuer of exchange-traded funds, is making it even less expensive to invest in its widely followed suite of sector ETFs, commonly known as the SPDRs.
The fees on all nine of the established sector SPDRs have been reduced to 0.14 percent per year from 0.15 percent, meaning investors with $10,000 in a fund such as the Energy Select Sector SPDR (ETF) (NYSE: XLE) will pay $14 per year, down from $15.
Boston-based State Street made the announcement regarding the newly reduced fees Thursday, concurrent with the introduction of the Financial Services Select Sector SPDR Fund (The) (NYSE: XLFS) and the Real Estate Select ...
/www.benzinga.com/news/15/10/5902336/sector-spdrs-pare-fees alt=Sector SPDRs Pare Fees>Full story available on Benzinga.com
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