State Street Global Advisors has lowered the average expense ratio on its 9 S&P 500 sector ETFs from 0.23% to 0.21%.
The new expense ratio went into effect on January 31, 2009 and continues a trend of lower expenses for ETF investors as assets grow. When the Select Sector SPDR funds were launched 10 years ago, the expense ratio was 0.65%.
ETFs with the new, lower expense ratio include:
Financial Select Sector SPDR Fund (XLF)
Energy Select Sector SPDR Fund (XLE)
Information Technology Select Sector Index (XLK)
Consumer Staples Select Sector SPDR Fund (XLP)
Health Care Select Sector SPDR Fund (XLV)
Utilities Select Sector SPDR Fund (XLU)
Industrial Select Sector SPDR Fund (XLI)
Materials Select Sector SPDR Fund (XLB)
Consumer Discretionary Select Sector SPDR Fund (XLY)
See the Sector ETF Directory for a complete listing.