Lyxor Asset Management has expanded its range of sector-focused exchange-traded funds with the launch of the Lyxor UCITS ETF EuroStoxx Banks on NYSE Euronext.
The ETF is an investment solution which can help investors benefit from the improving environment in the eurozone financial sector.
The ETF provides exposure to the main eurozone banks selected among the Euro Stoxx index according to ICB classification. The ETF is a UCITS compliant fund in Europe replicating the Euro Stoxx Banks index.
The fund aims to benefit from the expected further re-rating of the sector. Structural improvements in the eurozone such as an end to external deficits, a much better balance between fiscal tightness and accelerating structural reforms make eurozone financial assets particularly attractive.