State Street’s Tiny Fee Cut Is Paying Off Big Time
How a small fee cut on SPYM attracted billions.
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Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.
We’ve discussed before that new ETFs — which are increasingly actively managed and chock-full of derivatives — are getting more expensive on average. But it turns out that costs do still matter.