This is not the first time State Street has teamed with a big name in the investment community on an ETF.
Earlier this year, SSgA and asset management giant MFS Investment Management partnered on three actively managed ETFs. Those funds are the SPDR MFS Systematic Core Equity ETF (NYSEArc: SYE), SPDR MFS Systematic Value ETF (NYSEArca: SYV) and the SPDR MFS Systematic Growth ETF (NYSEArca: SYG). All three charge 0.6% per year, reasonable among actively managed ETFs. [State Street, MFS Partner on Active ETFs]
SSgA has previously partnered with Nuveen and Blackstone on bond ETFs. The SPDR Blackstone/GSO Senior Loan ETF (NYSEArca: SRLN) is just 14 months old and has over $609 million in assets under management.
ETF Trends editorial team contributed to this article. Tom Lydon’s clients own shares of BOND.