State Street and Van Lanschot Kempen Launch Two Active Small-Cap ETFs

State Street Investment Management has partnered with Van Lanschot Kempen to launch two actively managed small-cap ETFs on Germany’s Xetra exchange. The State Street Kempen US Small Cap Active Equity UCITS ETF (SKUS) and State Street Kempen Europe ex-UK Small Cap Active Equity UCITS ETF (SKEU) carry total expense ratios of 0.55% and 0.60%, respectively. Both funds will be managed by Van Lanschot Kempen’s 10-member small-cap investment team, which oversees approximately €3.5 billion in assets. Each ETF will hold a concentrated portfolio of 50 to 80 stocks, targeting high active share relative to its benchmark, with an indicative tracking error range of 4% to 6%. Holdings will be disclosed daily. The launches expand State Street’s co-branded ETF strategy, which already includes partnerships with Blackstone, Ninety One, and Comdirect.