9 Select Sector SPDR ETFs get expense ratio cuts


State Streets Global Advisors announced a fee cut on 9 ETFs; taking expenses down from 0.18% to 0.16% on the effected funds.

Assets under management for these 9 funds nearly tripled in 2013, driving SSgA to drop their prices; this could allow them to better compete with other market sector ETFs.

The 9 effected ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY

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