FYI: State Street Global Advisors’ massive price cuts and low-cost ETF introductions this week have reset the bar in the ETF fee wars.
The firm recently announced the launch of a new SPDR Portfolio group of ETFs, firmly planting its flag in the middle of a price war it had hitherto avoided. The new Portfolio ETFs are each priced at or below their lowest-priced competitor.
The price cuts loft two ETFs into my World’s Lowest-Cost ETF Portfolio, which tracks the lowest-cost ETF in each of six major asset classes:
Regards,
Ted
http://www.etf.com/sections/blog/worlds-lowest-cost-portfolio-hits-005-fee
