Lyxor cross-lists EMU small-cap and eurozone banks ETFs on LSE

Jul 25th, 2019 | By | Category: Equities

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Lyxor has cross-listed two ETFs on London Stock Exchange, providing exposure to small-caps from the EMU (Economic and Monetary Union) and banking stocks from eurozone countries.

Lyxor cross-lists EMU small-cap and eurozone banks ETFs on LSE

The new listings provide exposure to small-cap equities from the EMU (European Economic and Monetary Union) and banking stocks from eurozone countries.

The funds are the Lyxor MSCI EMU Small Cap UCITS ETF (MMS LN) and the Lyxor Euro Stoxx Banks UCITS ETF (BNKE LN).

Both listings trade in pound sterling.

Small-caps

The Lyxor MSCI EMU Small Cap UCITS ETF tracks the MSCI EMU Small Cap Index which captures small-cap representation across ten developed market countries in the EMU (European Economic and Monetary Union).

With 459 constituents, the index covers approximately 14% of the free float-adjusted market capitalization of the EMU.

Stocks from Germany account for over a quarter (25.8%) of the index weight with the next largest country exposures being Italy (15.0%), France (14.9%), The Netherlands (11.9%), and Spain (9.7%).

The largest sector exposures are industrials (21.7%), financials (12.9%), real estate (11.2%), information technology (10.5%), and health care (8.6%).

The fund comes with a total expense ratio (TER) of 0.40% and has AUM of approximately $230m. Income is distributed.

Banking stocks

The Lyxor Euro Stoxx Banks UCITS ETF is linked to the Euro Stoxx Banks Index, a subset of the Stoxx Europe 600 Index.

The index currently contains 26 eurozone banks including names such as Banco Santander (17.4%), BNP Paribas (12.8%), ING Groep (10.4%), Intesa Sanpaolo (8.6%), and BBVA (8.4%) as well as Deutsche Bank, Societe Generale, Unicredit, and Credit Agricole.

Spain has the largest representation in the index, with 31.0%, followed by France (22.1%), Italy (19.1%), The Netherlands (12.6%), Germany (5.4%), and Belgium with 4.0%. Banks from Austria, Portugal, Ireland and Finland make up the remainder of the index.

The fund has a TER of 0.30% and houses around $440m in AUM. Income is capitalized.

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