State Street Cuts Fees to 0.04% to Grab More Bond ETF Flows
- Issuer cuts fees on three maturity focused corporate bond ETFs
- Fed’s embrace of such funds helped institutions warm up, too
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State Street Global Advisors is cutting fees on three corporate bond exchange-traded funds as it seeks to boost its share of the booming fixed-income ETF business.
The Boston-based issuer lowered the expense ratios to 0.04% from 0.07% for its short (ticker SPSB), intermediate (SPIB) and long-term (SPLB) maturity focused corporate bond funds.