SSGA cuts management fees on six SPDR ETFs
![Hammer next to a broken piggy bank with fallen coins and notes](https://financialnewswire.com.au/wp-content/uploads/shutterstock_367655771.jpg)
State Street Global Advisors (SSGA) has reduced management costs for six of its Australian-based SPDR exchange traded funds (ETFs), effective November 1.
The management cost reductions will apply to its three Australian Equities ETFs (the SPDR S&P/ASX 200 Fund, the SPDR S&P/ASX 200 ESG Fund and the SPDR MSCI Australia Select High Dividend Yield Fund), two International Equities ETFs (the SPDR S&P Global Dividend Fund and the SPDR MSCI World Quality Mix Fund) and one fixed income ETF (the SPDR S&P/ASX Australian Government Bond Fund).
SSGA has 17 ETFs available on the Australian Securities Exchange (ASX), and last year made separate price reductions on four of its other ETFs as part of its regular review of its range.
The company also reduced the fees on its smart beta range to make its two dividend ETFs (SYI and WDIV) and its multi factor ETF (QMIX) some of the lowest cost among its peers, it said.
“We are excited to be able to offer investors some of the most cost-effective ETF offerings in their respective peer groups,” Kathleen Gallagher, Head of SPDR ETFs Australia at State Street Global Advisors, said.
“These fee changes demonstrate our commitment to the democratisation of investing by delivering cost effective institutional quality investment solutions to investors.”
The more important issue than "undermining the central premise of preservation" is that it simply won't work. Any scheme that…
While I applauded Peter and the AIOFP for the referral, this is exactly what the NACC is for. NACC is…
Liar, Liar, Liar, Jones has continued to add more and more Red Tape madness to the Hot Mess. “Let’s make…
It’s become a circus and Jones is the chief clown.
What amazes me is that some of the former Dixon's financial advisors who were front and centre in biased and…