State Street’s S&P 500 ETF nets €1bn inflows following fee cut

ETF stream2023-11-21

State Street Global Advisors (SSGA) has seen over €1bn inflows into its S&P 500 ETF since slashing fees to become the cheapest in Europe, outgunning rivals BlackRock, Vanguard and Invesco.The SPDR S&P...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2385112775?lang=en_US&edition=fundamental","thumbnail":"https://static.tigerbbs.com///images.ctfassets.net/lr0atmu04u9z/11WYPlIJzraxQhAQdyuyMg/504e5a839ff1ddffee1e679bc01cb9a7/fees.jpg?op=imageView2&mode=2&width=256&height=256&quality=70&format=png","is_english":true,"pubTime":"2023-11-21 14:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2385112775","market":"us","top_or_hot":-1,"title":"State Street’s S&P 500 ETF nets €1bn inflows following fee cut","media":"ETF stream","content":"<div>\n<p>State Street Global Advisors (SSGA) has seen over €1bn inflows into its S&P 500 ETF since slashing fees to become the cheapest in Europe, outgunning rivals BlackRock, Vanguard and Invesco.The SPDR S&P...</p>\n\n<a href=\"https://www.etfstream.com/articles/state-street-s-s-and-p-500-etf-nets-eur1bn-inflows-following-fee-cut\">Source Link</a>\n\n</div>\n","source":"etfstream_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>State Street’s S&P 500 ETF nets €1bn inflows following fee cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nState Street’s S&P 500 ETF nets €1bn inflows following fee cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-21 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etfstream.com/articles/state-street-s-s-and-p-500-etf-nets-eur1bn-inflows-following-fee-cut><strong>ETF stream</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>State Street Global Advisors (SSGA) has seen over €1bn inflows into its S&P 500 ETF since slashing fees to become the cheapest in Europe, outgunning rivals BlackRock, Vanguard and Invesco.The SPDR S&P...</p>\n\n<a href=\"https://www.etfstream.com/articles/state-street-s-s-and-p-500-etf-nets-eur1bn-inflows-following-fee-cut\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://www.etfstream.com/articles/state-street-s-s-and-p-500-etf-nets-eur1bn-inflows-following-fee-cut","article_id":"2385112775","we_media_id":null,"thumbnails":["https://static.tigerbbs.com///images.ctfassets.net/lr0atmu04u9z/11WYPlIJzraxQhAQdyuyMg/504e5a839ff1ddffee1e679bc01cb9a7/fees.jpg?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2385112775","pubTimestamp":1700546400,"sourceInfo":{"source_id":"etfstream_highlight","name":"ETF stream"},"weMediaInfo":null,"summary":"State Street Global Advisors (SSGA) has seen over 1bn inflows into its S&P 500 ETF since slashing fees to become the cheapest in Europe, outgunning rivals BlackRock, Vanguard and Invesco.The SPDR S&P ","collect":0,"end_time":0,"defaultTopTitle":"etfstream.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","SPXS":"Direxion每日三倍做空标普500ETF","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4147":"半导体设备","SPXU":"三倍做空标普500ETF","LU0444971666.USD":"天利全球科技基金","UPRO":"三倍做多标普500ETF","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","TER":"泰瑞达","OEX":"标普100","SPY":"标普500ETF","BK4559":"巴菲特持仓","BK4588":"碎股","BK4550":"红杉资本持仓","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","FDN":"First Trust Dow Jones Internet I","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","STT":"道富银行","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","BK4581":"高盛持仓","BK4504":"桥水持仓"},"translate_title":"道富银行的标普500 ETF在费用削减后净流入€10亿欧元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TER":1,"STT":1,"SPY":1,"SPXS":1,"FDN":1,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"State Street Global Advisors (SSGA) has seen over €1bn inflows into its S&P 500 ETF since slashing fees to become the cheapest in Europe, outgunning rivals BlackRock, Vanguard and Invesco.The SPDR S&P 500 UCITS ETF (SPY5) – which cut fees from 0.09% to 0.03% on 23 October – recorded €1.1bn inflows from the date of the announcement to 17 November, according to Morningstar data.The Vanguard S&P 500 UCITS ETF (VUSA) – with a total expense ratio (TER) of 0.07% – was closest with €839m inflows over the same period.Meanwhile, the iShares Core S&P 500 UCITS ETF (CSPX) and the Invesco S&P 500 UCITS ETF (SPXS) posted inflows of €512m and €484m, respectively.The inflows highlight a stark turnaround for SPY5, which from the turn of the year to 23 October had only gathered €34.9m net inflows.The fee cut also coincided with a bumper month of returns for the S&P 500, which has risen by 7.4% over the same period.As a result, SPY5 assets under management (AUM) has grown from €5bn to €6.5bn since the move, although it remains significantly behind its three rivals.However, it does show the fee cut – driven by the need for SSGA to compete with its rivals – is working and could spark a fresh fee war with its three US rivals.SSGA incorporated SPY5 into its securities lending programme – along with 66 other ETFs – in a bid to make the move more economically viable.The inflows chimed strongly with investors' sentiment following the fee cut, with many stating they would seriously consider the ETF within portfolios.Dan Caps, investment manager at Evelyn Partners, said SPY5 “ticked a lot of boxes” but added investors would need to consider liquidity, spreads, tracking error and methodology.“It will be interesting to see how the other big players in the markets react to the move and how willing and able they are to compete on price. Existing holders of their instruments are likely to want clarity on this sooner rather than later,” he said.Wayne Nutland, fund manager, Premier Miton Investments, added: “For new money requiring physical exposure, 0.03% would seem like a fairly clear choice. Investors will need to consider switching costs but the S&P 500 is typically a very low-cost exposure to trade.Chart 1: S&P 500 UCITS ETF inflows since 23 OctoberSource: Morningstar","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2385112775"}