Bringing you live news and features since 2006 

Lyxor launches S&P 500 Banks UCITS ETF

RELATED TOPICS​

Lyxor has launched the Lyxor S&P 500 Banks UCITS ETF on the London Stock Exchange and the Borsa Italia.

It is the first ETF on the European market that aims to track the rise and fall of the dollar-denominated S&P 500 Capped 35/20 Banks and Diversified Financials Select Index (NTR).
 
The S&P 500 Capped 35/20 Banks and Diversified Financials Select Index (NTR) provides access to the banking sector in the United States, including investment banks, regional banks, brokerage firms, credit organizations, asset management companies and custodian banks. The stocks are exclusively part of the S&P 500 index. Components of the index are weighted according to market capitalisation with limits to prevent over exposure to any given stock.
 
Adam Laird, Head of ETF Strategy, says: “There’s a lot of opportunity in American banks. Rising rates give the potential for higher margins – and the sector could get a shot in the arm by the US administration’s planned deregulation campaign.
 
“We launched this ETF to specialise in banks and investment, it excludes some of the less cyclical financial stocks held in other funds. This will be a good complement to our existing range of bank-focused ETFs.”
 
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by