State Street Global Advisors expands low-cost SPDR Portfolio ETF suite
State Street Global Advisors has added of seven rebranded SPDR ETFs to the SPDR Portfolio suite.
Introduced in 2017 and attracting USD34.4 billion in new assets in just two years, the SPDR Portfolio offering now comprises 22 low-cost ETFs that provide access to a wide range of domestic and international equity and fixed income asset classes.
The seven rebranded funds added to the SPDR Portfolio suite comprise five fixed income and two international equity ETFs, representing USD4.4 billion in assets. All seven have new names and ticker symbols to align with the SPDR Portfolio ETF suite and three funds have reduced net expense ratios.
“The SPDR Portfolio suite was initially launched to give investors greater choice in low-cost ETFs. With today’s additions to the lineup, we’re offering investors more fixed income and international equity ETF options to help investors refine their asset allocations,” says Noel Archard, Global Head of SPDR Product at State Street Global Advisors. “To meet the needs of a client base that is well-diversified across institutions, intermediaries and retail investors, we remain committed to offering products with a broad range of attributes.”
“The fixed income additions nearly double the number of bond ETFs available through the SPDR Portfolio suite, providing investors with a broader range of tools for navigating the current credit cycle, generating income and diversifying portfolios,” says Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors. “Adding existing funds with established trading volume to the SPDR Portfolio suite ensures investors don’t have to sacrifice liquidity for low expense ratios.”