Post by yogibearbull on Feb 25, 2023 20:49:02 GMT
SPDR SLY started in 11/2005. Its current AUM is $1.8 billion and ER is 0.15%. Its benchmark was always SP SC 600.
SPDR Portfolio SPSM started out in 07/2013 with a different SC index, that was changed to another SC index, and finally changed to SP SC 600 in 2020. Its current AUM is $5.2 billion (much bigger than the original SLY) and ER is 0.05% (much lower than the original SLY).
So, now, after the changes to SPSM in 2020, the 2 became identical! Why not merge them?
And that is what State Street is doing now with 06/2023 target. If anything, what took them so long?
www.mutualfundobserver.com/discuss/discussion/60727/smaller-sp-sc-600-etf-sly-merging-into-larger-spsm
SPDR Portfolio SPSM started out in 07/2013 with a different SC index, that was changed to another SC index, and finally changed to SP SC 600 in 2020. Its current AUM is $5.2 billion (much bigger than the original SLY) and ER is 0.05% (much lower than the original SLY).
So, now, after the changes to SPSM in 2020, the 2 became identical! Why not merge them?
And that is what State Street is doing now with 06/2023 target. If anything, what took them so long?
www.mutualfundobserver.com/discuss/discussion/60727/smaller-sp-sc-600-etf-sly-merging-into-larger-spsm