Lyxor reduces fees on three European equity ETFs

Jun 12th, 2017 | By | Category: Equities

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Lyxor has reduced the fees charged on three of its Europe-focused equity ETFs. The funds track Stoxx indices covering eurozone large-caps, eurozone large- and mid-caps, and European broad market exposures.

Lyxor reduces fees on three European equity ETFs

Lyxor has further reduced its fees on three European equity ETFs from 0.15% to 0.07%.

Adam Laird, head of ETF strategy at Lyxor, commented: “This latest fee cut has been in Europe as we know that’s a market of interest to many investors at the moment. In May more than €3.4bn flowed to European equity ETFs – the highest since December 2015. Lyxor has over 60 options for investing in European equity – covering broad markets, single countries and sectors. This move makes us one of the lowest cost options for broad market exposure.”

The €110m Lyxor Euro Stoxx 50 UCITS ETF (LON: MSED) has reduced its fess from 0.15% to 0.07%. It tracks the Euro Stoxx 50 Index, one of the best-known benchmarks for the performance of large cap eurozone stocks. It represents the performance of 50 supersector leaders in 12 eurozone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

The index is weighted by free-float market cap, and each component’s weight is capped at 10% of the index’s total free-float market cap. It captures approximately 60% of the free-float market cap of the Euro Stoxx Total Market Index, while ensuring a well-balanced representation across the 19 supersectors.

The €85m Lyxor Euro Stoxx 300 UCITS ETF (EN Paris: MFDD) has reduced its fees from 0.15% to 0.07%. It tracks the broader Euro Stoxx 300 Index, covering the top 300 eurozone companies (including the Euro Stoxx 50).

The €140m Lyxor Stoxx Europe 600 UCITS ETF (LON: MEUD) has reduced its fees from 0.15% to 0.07%. It tracks the Stoxx Europe 600 Index – a pan European index, covering the largest 600 companies. The index includes companies outside the euro area – including around 28% in the UK and 13.5% in Switzerland.

Laird added: “These moves are part of our ongoing product review process. Cost is a key consideration for investors and we know it’s important to make sure our funds are competitive. This is the latest in a string of fee cuts on these funds – their prices were last cut on 2 January 2017. Before this point, the Lyxor Stoxx Europe 600 ETF and Lyxor Stoxx Europe 300 ETF charged ongoing fees of 0.30% and the Lyxor Euro Stoxx 50 ETF charged 0.20%.”

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