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IFAs now able to access 30 Lyxor ETFs through Ascentric wrap platform

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Lyxor Asset Management, Société Générale’s wholly-owned subsidiary and European exchange traded fund provider, has made its entire UK range of ETFs available

Lyxor Asset Management, Société Générale’s wholly-owned subsidiary and European exchange traded fund provider, has made its entire UK range of ETFs available to IFAs via Ascentric, a whole of market wrap platform.

Lyxor says it sees IFAs becoming an ever more important distribution channel for ETFs going forwards as the generation of new model advisers look further afield for the best, most cost-effective products combined with more emphasis on asset allocation.

The Lyxor ETFs now available on Ascentric have management fees ranging from 0.30 to 0.70 per cent.

The ETFs being launched on the platform are all listed on the London Stock Exchange. IFAs will be able to trade shares in Lyxor’s ETFs throughout open market hours and incorporate them into clients’ portfolios.

Dan Draper, global head of Lyxor ETFs, says: ‘The UK IFA community represents a tremendous opportunity for exchange-traded funds, which is expected to be the fastest growing European fund management segment over the next three years. We look forward to a fruitful partnership with Ascentric and its clients.’

Dominic Ventham, head of marketing at Ascentric, says: ‘We are very pleased to have Lyxor ETFs available on the platform for our IFA users. As an independent, whole of market platform, our users expect to have access to new, up and coming funds and there has been a growing demand for the addition of Lyxor’s funds. I have no doubt that these funds will become a key part of the Ascentric fund offering going forward.’

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