Bringing you live news and features since 2006 

AJ Bell comments on Lyxor UK Gilts ETF share split


Lyxor has announced that it is proceeding with a stock split of the Lyxor Core FTSE Actuaries UK Gilts 0-5Y (DR) UCITS ETF, which will see each current share split into five new shares.  To implement the stock split, trading on the ETF will be suspended on 24 and 25 July, recommencing on 26 July.

The ETF is held in AJ Bell’s Managed Portfolio Service for financial advisers, across risk levels 1, 2 and 3, as well as its Income 1 option and Kevin Doran, chief investment officer at AJ Bell has commented on the change.

Doran says: “This is a change we have been lobbying for and is a good example of an ETF provider evolving their products to make them easier to use in the retail market. The stock split lowers the price of each unit in the ETF making it much more accessible to retail investors.
“This in turn has enabled us to lower our recommended investment amount into our Active MPS from GBP20,000 to GBP10,000 making it a feasible option for a wider segment of advised clients.”
Samit Patel, Head of UK Wealth at Lyxor ETF, says: “As today’s stock split shows, we are listening to our clients’ needs and those of the investors they serve. Lyxor will continue to strive to provide the highest quality, most appropriate ETFs for the UK market.”
Adam Laird (pictured), head of ETF strategy, northern Europe at Lyxor ETF says: “We at Lyxor are committed to making sure our funds work for investors. Over the last few years, we have made dozens of changes – restructuring funds, lowering charges and changing indices.
“Distributors like AJ Bell are an important growth market for us and we are keen to work with investors when they have operational or investment needs.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
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