However, context is needed to illustrate SSgA’s dominance in the world of sector ETFs. Fidelity has $2.2 billion over 10 sector ETFs while the Vanguard Financials ETF (NYSEArca: VFH), Vanguard Consumer Discretionary ETF (NYSEArca: VCR) and the Vanguard Consumer Staples ETF (NYSEArca: VDC) had a combined $6.6 billion in AUM at the end of last year.
On its own, the Consumer Staples Select Sector SPDR (NYSEArca: XLP) has almost $10.3 billion in assets.
The other SPDRs affected by the lower fee announcement are the Materials Select Sector SPDR (NYSEArca: XLB), Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) and the Utilities Select Sector SPDR (NYSEArca: XLU).
Health Care Select Sector SPDR