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Lyxor launches low cost range of European ETFs

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Lyxor has launched a new range of Core ETFs with investment costs (total expense ratios) starting from 0.04 per cent.

The Lyxor Core range is comprised of 16 funds covering the major equity markets (world, UK, Europe, US and Japan) as well as gilts and TIPS on the fixed income side. Four new funds are being launched to complement 12 existing ETFs whose fees have been cut. The new funds are listing on the Deutsche Borse (on 21 March) and London Stock Exchange (on 22 March). Focusing on quality and simplicity the range is physically replicated with no securities lending.
 
Arnaud Llinas, Head of ETFs and Indexing at Lyxor, says: “Investors tell us they want simple, high quality ETFs at low costs. We’ve launched our Core range to achieve precisely that – cornerstone investments for any portfolio. Lyxor’s mission is to provide quality, innovative investments – our core range is a perfect complement.”
 
Low cost core equity is the foundation of the ETF market as roughly half of all ETF assets and inflows in 2017 went to mainstream equity ETFs. The focus on fees has intensified with pressure from regulators as well as scrutiny from the end investor. Fees on Lyxor’s Core ETF range are on average 40 per cent lower than competitor products and the range features Europe’s lowest cost ETFs.
 
The new Core range has generated significant initial interest from a range of investors and third-party providers, such as Nutmeg.
 
James McManus, investment manager at Nutmeg, says: “This type of product innovation is exactly what the ETF industry needs: offering investors a lower cost option without compromising on quality.  Lowering costs means investors keep more of their returns and Lyxor are leading the way.”
 

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