State Street Ups Ante In European ETF Price Wars With Another Round Of Price Cuts

Over the last few quarters, the world's largest asset managers have been locked in a price war over their ETF offerings in Europe, as all of them target retail investors in a bid to increase their market shares in the rapidly growing industry. The ETF market in Europe is primarily dominated by BlackRock, Vanguard, Deutsche Asset & Wealth Management - the asset management arm of Deutsche Bank - and Lyxor - a part of Société Générale. State Street's decision to introduce another round of price...