State Street Global Advisors announced today the addition of seven rebranded SPDR ETFs to its low-cost SPDR Portfolio suite.
Introduced in 2017 and attracting $34.4 billion in new assets in just two years, the SPDR Portfolio offering now comprises 22 low-cost ETFs that provide access to a wide range of domestic and international equity and fixed income asset classes.
The seven rebranded funds added to the SPDR Portfolio suite comprise five fixed income and two international equity ETFs, representing $4.4 billion in assets.2 All seven have new names and ticker symbols to align with the SPDR Portfolio ETF suite and three funds have reduced net expense ratios, as detailed below, and the other four were reduced earlier:
| Previous Fund Name (Ticker) |
New Fund Name (Ticker) | Previous Expense Ratio |
New Expense Ratio |
| SPDR MSCI ACWI ETF (ACIM) |
SPDR Portfolio MSCI Global Stock Market ETF (SPGM) |
0.25% | 0.09% |
| SPDR STOXX® Europe 50 ETF (FEU) |
SPDR Portfolio Europe ETF (SPEU) |
0.29% | 0.09% |
| SPDR Bloomberg Barclays Corporate Bond ETF (CBND) |
SPDR Portfolio Corporate Bond ETF (SPBO) |
0.06% | 0.06%
|
| SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE) |
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) |
0.06% | 0.06% |
| SPDR Bloomberg Barclays Mortgage Backed Bond ETF (MBG) |
SPDR Portfolio Mortgage Backed Bond ETF (SPMB) |
0.06% | 0.06% |
| SPDR ICE BofAML Broad High Yield Bond ETF (CJNK) |
SPDR Portfolio High Yield Bond ETF (SPHY) |
0.15% | 0.15% |
| SPDR Bloomberg Barclays TIPS ETF (IPE) |
SPDR Portfolio TIPS ETF (SPIP) |
0.15% | 0.12% |
“The SPDR Portfolio suite was initially launched to give investors greater choice in low-cost ETFs. With today’s additions to the lineup, we’re offering investors more fixed income and international equity ETF options to help investors refine their asset allocations,” said Noel Archard, Global Head of SPDR Product at State Street Global Advisors. “To meet the needs of a client base that is well-diversified across institutions, intermediaries and retail investors, we remain committed to offering products with a broad range of attributes.”
“The fixed income additions nearly double the number of bond ETFs available through the SPDR Portfolio suite, providing investors with a broader range of tools for navigating the current credit cycle, generating income and diversifying portfolios,” said Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors. “Adding existing funds with established trading volume to the SPDR Portfolio suite ensures investors don’t have to sacrifice liquidity for low expense ratios.”
In addition to the changes outlined above, the underlying index for the SPDR STOXX Europe 50 ETF changed from the STOXX® Europe 50 Index to the STOXX Europe Total Market Index effective as of the close of market on September 20, 2019. The new index covers approximately 95 percent of the free float market capitalization across 17 European countries: Austria, Belgium, Poland, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
For more information, visit www.spdrs.com/lowcost.