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State Street rebrands seven ETFs to SPDR Portfolio lineup

Sep. 20, 2019 9:15 AM ETState Street Corporation (STT) Stock, SPGM, SPEU, SPBO, SPTI, SPMB, SPHY, SPIPBy: Liz Kiesche, SA News Editor
  • State Street (NYSE:STT) Global Advisors rebrands seven SPDR exchange-traded funds, adding them to its SPDR Portfolio Suite, and lowers net expense ratios on three of them.
  • Net expense ratios for the other four ETFs had been reduced earlier.
  • The SPDR MSCI ACWI ETF (ACIM) is renamed SPDR Portfolio MSCI Global Stock Market ETF (NYSEARCA:SPGM) and its expense ratio is cut to 0.09% from 0.25%.
  • SPDR Stoxx Europe 50 ETF (FEU) changes to SPDR Portfolio Europe ETF (NYSEARCA:SPEU) and its expense ratio falls to 0.09% from 0.29%.
  • SPDR Bloomberg Barclays Corporate Bond ETF (CBND) changes to SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) and its expense ratio stays at 0.06%.
  • SPDR Bloomberg Barclays Intermediate Term Treasury ETF (ITE) becomes the SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) with an expense ratio remaining at 0.06%.
  • The SPDR Bloomberg Barclays Mortgage Backed Bond ETF (MBG) is renamed the SPCR Portfolio Mortgage Backed Bond ETF (NYSEARCA:SPMB); expense ratio is 0.06%.
  • SPDR ICE BofAML Broad High Yield Bond ETF (CJNK) is changed to the SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY); expense ratio stays 0.15%.
  • SPDR Bloomberg Barclays TIPS ETF (IPE) changes to the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) and its expense ratio falls to 0.12% from 0.15%.

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