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State Street Global Advisors reduces fees on four SPDR ETFs


State Street Global Advisors, the asset management business of State Street Corporation is reducing the expense ratios for the SPDR Bloomberg Barclays International Treasury Bond ETF (BWX), SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB), SPDR SSGA Income Allocation ETF (INKM) and SPDR SSGA Multi-Asset Real Return ETF (RLY).

Effective 4 September 2018, the expense ratios of the four funds, which have approximately USD1.89 billion in assets, will be lowered as follows: BWX from 0.50 per cent to 0.35 per cent; HYMB from 0.45 per cent to 0.35 per cent; INKM from 0.70 per cent to 0.50 per cent; and RLY from 0.70 per cent to 0.50 per cent.
“We are constantly evaluating the SPDR ETF lineup to meet client demand,” says Noel Archard, global head of SPDR Product at State Street Global Advisors. “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.”

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