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State Street (STT) looks to take on iShares' (BLK) dominant small cap ETF (IWM) with the Tuesday...

State Street (STT) looks to take on iShares' (BLK) dominant small cap ETF (IWM) with the Tuesday launch of the SPDR Russell 2000 ETF (TWOK). IWM currently has $23.3B in AUM and an expense ratio of 0.24%. This compares to other far smaller competitors like Schwab's SCHA at 0.08% and Vanguard's VB at 0.10%. Previous: Small cap stocks outpace the S&P 500. Other reasonably popular ETFs: IJS, IJR.
 
Comments (4)
  • David Jackson
    , contributor
    Comments (1235) | Send Message
     
    What's the expense ratio for TWOK?
    8 Jul 2013, 04:03 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    David, neither State Street's site nor the prospectus contains expense data yet.

     

    http://1.usa.gov/1a6BukY
    8 Jul 2013, 04:14 PM Reply Like
  • heywally
    , contributor
    Comments (190) | Send Message
     
    Those trading the IWM ETF actively -- I wonder what % of the volume is comprised of those people -- probably are not going to be as concerned about the expense ratio as they are the liquidity.
    8 Jul 2013, 04:15 PM Reply Like
  • mjc99
    , contributor
    Comments (73) | Send Message
     
    SPDR website indicates gross expense ratio = 0.18%
    25 Jul 2013, 09:31 AM Reply Like
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