Posted on 02/28/2013
On February 21st, State Street Global Advisors brought to market two passively managed ETFs as new additions to the SPDR family of funds. The SPDR Russell 1000 Low Volatility ETF [LGLV] and the SPDR Russell 2000® Low Volatility ETF [SMLV] will provide exposure to the U.S large capitalization and small capitalization volatility markets respectively. The expense ratio for LGLV is 0.20% and SMLV has an expense ratio of 0.25%.
On February 22nd, Vanguard announced in a press release that it will be lowering the expense ratio for the Vanguard High Dividend Yield ETF [VYM]. The current expense ratio for this fund is now 0.10% down from its former 0.13%.
Late last week, IndexIQ filed paperwork with the SEC seeking to bring to market two passively managed ETFs. The proposed IQ Innovation Leaders ETF and the IQ Fastest Growing Companies ETF are designed to provide investors exposure to highly innovative U.S. companies and high growth U.S. companies as determined by several innovation and growth related factors respectively. No ticker symbols or expense ratios were provided.