State Street cuts fees on $78bn of ETFs in its core line
The firm reduced fees by as much as half on its low-cost Portfolio ETFs, which are for buy-and-hold investors.
State Street Global Advisors chopped fees Tuesday on nearly half the ETFs in its Portfolio line of products, citing new costs that are below similar funds from Vanguard, BlackRock and Charles Schwab.
The fee reductions apply to 10 SPDR exchange-traded funds that represent a total of more than $78
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