The company, which is the asset management arm of State Street Corporation, has today reduced fees on the SPDR MSCI Europe UCITS ETF by five basis points from 30 to 25, and the SPDR MSCI Europe Small Cap UCITS ETF by 10 basis points from 40 to 30.
In October, the company 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 in order to better meet the needs of the maturing European ETF investment market. The funds successfully transitioned over to the Irish platform on 8 December.
The company said today’s fee cuts were planned as part of an October announcement but could not take effect until the merger was completed.
Head of SPDR ETFs EMEA, Alexis Marinof, said: “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 enhancing our ETF offering to better serve our clients’ needs as the ETF landscape continues to evolve.”
In October, the company launched the SPDR Thomson Reuters Global Convertible Bond UCITS ETF which it claimed to be the world’s first passive global convertible bond exchange traded fund.
The product is listed on the Deutsche Börse, Xetra, and aims to offer investors cost-efficient and transparent exposure to the asset class.
