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Real estate SPDR opens for trade; fees cut on all Sector SPDRs

Oct. 08, 2015 12:43 PM ETState Street Corporation (STT) StockXLU, XLE, XLV, XLB, XLF, XLI, XLK, XLP, XLY, STTBy: Stephen Alpher, SA News Editor6 Comments
  • Ahead of revisions to the Global Industry Classification Standard structure set to take effect next August in which real estate-related stocks will be broken out of the financial sector, State Street's (NYSE:STT) Real Estate Select Sector SPDR (NYSEARCA:XLRE) opens for trade alongside the FInancial Services Select Sector SPDR (NYSEARCA:XLFS). The Financial Select Sector SPDR (NYSEARCA:XLF) remains the same for those looking for exposure to the whole sector in just one ETF.
  • Concurrent with the launches, SSgA cuts the expense ratio for the entire Select Sector SPDR ETF suite to 0.14% from 0.15%.
  • Source: Press release
  • Other Sector SPDRs: XLY, XLP, XLE, XLV, XLI, XLB, XLK, XLU

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