Products February 10, 2009

MetLife Revamps Web Site

MetLife has unveiled its redesigned Web site, including a broker and consultant homepage.
Reported by

MetLife said the site features simpler navigation, easier access to information, account management tools, more robust content, and an improved search function. A news release said the site (www.metlife.com) introduces targeted homepages aimed at the company’s main constituents: consumers; institutional clients; and brokers and consultants.

Each group has access to content directly related to their needs through three top-of-the-page navigation tabs. Within each homepage, visitors will find easier access to account management tools and customized content, the company said.

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According to the release, the site is better equipped to support MetLife’s operational business goals by allowing for more robust metrics to assist in understanding progress toward customer experience targets and revenue growth.


Products February 10, 2009

Select Sector SPDRs Lowers Expense Ratio

Select Sector SPDRs, a family of exchange-traded funds (ETFs), has lowered the average expense ratio for its nine sector ETFs from 0.23% to 0.21%.
Reported by

The new expense ratio went into effect on January 31, according to a press release. Launched in 1998, the Select Sector SPDRs had more than $19.8 billion in assets as of February 6.

Select Sector SPDRs are ETFs that divide the S&P 500 into nine sector index funds:

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  • Consumer Discretionary
  • Consumer Staples
  • Energy
  • Financials
  • Health Care
  • Industrials
  • Materials
  • Technology
  • Utilities.

“When we launched these funds more than 10 years ago, our expense ratio was 0.65%. Our Board and the Management of the Select Sector SPDR Trust made a commitment to move expenses lower as assets grew,” said Dan Dolan, director of Wealth Management Strategies, Select Sector SPDR Trust in announcing the change. “The lowering of our expense ratio by another 8.7% is made in the spirit of that commitment, and to maintaining our “investor first’ approach, making our sector ETFs accessible and affordable to as many investors as possible.”

More information is available at www.sectorspdrs.com.

 

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