Lyxor adds accumulating share classes for European Stoxx ETFs

Sep 20th, 2017 | By | Category: Equities

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Lyxor has added three new euro-denominated, accumulating share classes for ETFs listed on Deutsche Börse’s Xetra and Frankfurt exchanges. The ETFs offer exposure to various market-capitalisation segments of the eurozone and European equity markets.

Lyxor rolls out accumulating share classes for European equity ETFs

Lyxor has launched accumulating share classes for three Europe-focused equity ETFs on Deutsche Borse.

The introduction of accumulating share classes for these ETFs provides investors with the option to automatically re-invest all dividends generated within the funds in order to potentially capture a faster overall rate of capital growth in cases of upwards-trending equity markets.

The Lyxor Euro Stoxx 50 UCITS ETF (LYSX) tracks the Euro Stoxx 50 Index, a representation of large-cap supersector leaders in the eurozone. The index covers 50 stocks from 11 eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

The blue-chip index is weighted by free-float market cap, and each component’s weight is capped at 10% of the index’s total free-float.

The fund has a total expense ratio (TER) of 0.20% and total assets under management (AUM) of over €7.6 billion.

Investors looking for a broader eurozone equity exposure may look to the Lyxor Euro Stoxx 300 UCITS ETF (LGQG) which tracks the Euro Stoxx Index. The index covers equities from the same eurozone countries as its well-known large-cap equivalent but tracks a variable number of securities (approximately 300) which collectively represents large-, mid-, and small-cap exposure.

The fund’s TER is 0.07%. It has approximately €175m in AUM.

Lastly, the Lyxor STOXX Europe 600 UCITS ETF (LYP6) provides the broadest exposure of the three funds, offering a one-ticket solution for investors looking to gain total market exposure to Europe. The fund tracks the Stoxx Europe 600 Index, which has the UK equity market as its largest country exposure (25.3%) while Switzerland (13.1%) also plays a significant role.

The fund’s TER is also 0.07% and its AUM is approximately €380m.

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