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SSgA to self index two low-vol SPDR ETFs

Nov. 18, 2016 9:45 AM ETLGLV, SMLVBy: Stephen Alpher, SA News Editor
  • With FTSE Russell's decision to terminate as of Dec. 16 the Russell 1000 Low Volatility Index and the Russell 2000 Low Volatility Index, SSgA will introduce proprietary indices to replace.
  • Beginning on or around Dec. 14, the SPDR Russell 1000 Low Volatility ETF (NYSEARCA:LGLV) will be renamed the SPDR SSGA U.S. Large Cap Low Volatility ETF, and track SSgA's new index; the SPDR Russell 2000 Low Volatility ETF (NYSEARCA:SMLV) will be renamed the SPDR SSGA U.S. Small Cap Low Volatility ETF, and also track a new SSgA index.
  • The net expense ratios of 0.12% will remain the same.

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