News

State Street brings ‘ultra-low cost’ ETFs to Japan

Costs_to_minimumThe Japanese division of State Street Global Advisors has registered 19 exchange-traded funds (ETFs) with the local regulator. The roster includes 14 funds from the company’s SPDR Portfolio, which it describes as “ultra-low cost” and have fees as low as three basis points. “Each fund in the SPDR Portfolio suite is priced very competitively among the ETFs in the category," said David Collins, head of ETFs at State Street Global Advisors (Japan). He added that the funds in the suite together had $26 billion in assets. In its home market, US-based State Street Global Advisors is involved in a price war with rival ETF providers such as the iShares division of market leader BlackRock. Japan’s ETF market is Asia’s largest and is worth more than $300 billion, according to data provider ETFGI. ©2018 funds global asia

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