State Street Global Advisors (SSgA), the third-largest U.S. issuer of exchange traded funds, said Wednesday it is reducing fees on four of its ETFs.
The four ETFs, which have a combined $1.89 billion in assets under management, include two fixed income funds.
The SPDR Bloomberg Barclays International Treasury Bond (NYSEARCA: BWX) saw its annual expense ratio trimmed to 0.35%, or $35 on a $10,000 investment from 0.50%.
“We are constantly evaluating the SPDR ETF lineup to meet client demand,” said Noel Archard, global head of SPDR Product at State Street Global Advisors, in a statement. “In reducing the expense ratios of these four SPDRs we help lower the total cost of ownership for our clients and ensure the funds are well positioned for growth in the current market.”
More Fee Cuts
The SPDR Nuveen S&P High Yield Municipal Bond ETF (NYSEArca: HYMB) has a new annual fee of 0.35%, down from 0.45%.