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Lyxor cuts fees on three European equity ETFs


Lyxor ETF has cut the fees on three of its European equity ETFs: the Lyxor Euro Stoxx 50; the Lyxor Euro Stoxx 300 and the Lyxor Stoxx Europe 600. All have seen their TER reduced from 0.15 per cent to 0.07 per cent.

Adam Laird, head of ETF strategy Northern Europe, writes that these moves are part of Lyxor’s 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 2nd January 2017. Before this point, the Lyxor Stoxx Europe 600 (DR) ETF and Lyxor Stoxx Europe 300 (DR) ETF charged ongoing fees of 0.30 per cent. The Lyxor Euro Stoxx 50 DR ETF charged 0.20 per cent. Lyxor also recently cut the fees on 10 world sector ETFs.

“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 EUR3.4 billion 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. With this move makes us one of the lowest cost options for broad market exposure.”

The Euro Stoxx 50 index covers the 50 largest companies listed across the 11 Eurozone companies. Laird writes that it’s seen as one of the best-known benchmarks for European companies; the Euro Stoxx 300 index is a broader index, covering the top 300 Eurozone companies (including the Euro Stoxx 50); Stoxx Europe 600 index is a pan European index, covering the largest 600 companies. The index includes companies outside the Euro area – including around 28 per cent in the UK and 13.5 per cent in Switzerland.

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