State Street Global Advisors (SSgA) has reduced fees on the SPDR MSCI Europe UCITS ETF by five basis points and the SPDR MSCI Europe Small Cap UCITS ETF by 10 basis points.
In October this year, SPDR cut fees across 15 of its core equity and fixed income ETFs and proposed a merger of its 13 French domiciled ETF funds onto its Irish platform to better meet the needs of the maturing European ETF investment market. The SPDR MSCI Europe UCITS ETF and SPDR MSCI Europe Small Cap UCITS ETF as well as the additional 11 French funds successfully transitioned over to the Irish platform on 8 December. The fee cuts were planned as part of the October announcement but could not take effect until the fund merger was completed.
Alexis Marinof, head of SPDR ETFs EMEAm says: “In Europe, the demand for ETFs continues to grow and ETFs continue to play a key role in investment portfolios. Today’s announcement demonstrates our commitment to enhance our ETF offering to better serve our clients’ needs as the ETF landscape continues to evolve.”