Lyxor adds accumulating share class for MSCI USA ETF on SIX

Oct 12th, 2018 | By | Category: Equities

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Lyxor has added an accumulating share class of the Lyxor MSCI USA UCITS ETF on SIX Swiss Exchange.

Lyxor cross-lists accumulating share class for MSCI USA ETF on SIX

The MSCI USA Index provides exposure to the large- and mid-cap equity market in the United States.

The new share class, which provides investors with the option to automatically re-invest all dividends payments received within the fund, is available in Swiss francs under the ticker LUSAC SW.

The fund tracks the MSCI USA Index, representing the performance of the large and mid-cap segments of the US equity market.

With 625 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in the US.

Information technology is currently the largest sector exposure, accounting for over a quarter (26.8%) of the index weight. Stocks from the health care (14.6%), consumer discretionary (13.3%), financials (13.1%) and industrials (9.7%) sectors also play important roles in the index’s performance.

The accumulating share class is also available on Euronext Paris (USAC FP) in euros.

The distributing share class of the fund is more widely available with listings on Euronext Paris, Xetra, Borsa Italiana, SIX Swiss Exchange, and London Stock Exchange.

The fund comes with a total expense ratio (TER) of 0.25% and has some CHF1.4bn in assets under management.

The MSCI USA Index is tracked by a number of ETFs listed in Europe including funds from BlackRock, UBS, DWS, HSBC, and Invesco. The largest (and cheapest) is the Xtrackers MSCI USA UCITS ETF – CHF Hedged (XD9C SW) which has AUM of $4.5bn and comes with a TER of just 0.12%.

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