Lyxor adds GBP listings to ‘core’ eurozone ETFs on LSE

Jul 26th, 2018 | By | Category: Equities

Lyxor has introduced pound sterling-denominated share classes for two of its ‘core’ ETFs listed on the London Stock Exchange. The new share classes offer low-cost GBP access to eurozone companies.

Lyxor adds GBP listings to core ETF range on LSE

The new share classes provide GBP access to equities of eurozone companies.

Lyxor unveiled its range of 16 core ETFs – mainstream benchmark trackers designed to be the bedrock of investors’ portfolios – in March of this year.

The funds cover the major equity markets (world, UK, Europe, US and Japan) as well as gilts and TIPS on the fixed income side

With total expense ratios (TERs) starting from just 4 basis points (or 0.04%), the range includes some of the lowest cost funds in Europe.

The new GBP share class of the Lyxor Core Euro Stoxx 300 UCITS ETF trades under the ticker MFDD LN. The fund tracks the Euro Stoxx Index, consisting of typically 300 eurozone equities that are part of the broader Stoxx Europe 600 Index – a reference for the large, mid, and small cap security market across Europe.

The ETF has total assets under management of £330 million and a TER of just 0.07%.

The new GBP share class of the Lyxor Core MSCI EMU UCITS ETF trades under the ticker MFEX LN. The fund tracks the MSCI EMU Index, which has a similar risk profile to the Euro Stoxx Index and captures large and mid-cap representation across ten developed market countries in the eurozone. With 249 constituents, the index covers approximately 85% of the free float-adjusted market capitalization of the European Economic and Monetary Union.

The ETF has total AUM of £340m and a TER of 0.12%. Both funds are physically replicated and do not participate in securities lending.

The largest ETF in Lyxor’s core range is the Lyxor Core Stoxx Europe 600 ETF (MEUD LN) which has over £1.2bn in AUM. It tracks the Stoxx Europe 600 Index and also has a TER of 0.07%.

The joint-cheapest funds are the broad-market Lyxor Core Morningstar US UCITS ETF (LCUS LN) and the Lyxor Core Morningstar UK UCITS ETF (LCUK LN), both of which come with TERs of 0.04%.

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