Lyxor cuts commissions on ETF Euro Cash
Lyxor International Asset Management has decreased commissions charged on its Lyxor ETF Euro Cash from 0.085% allo 0,075%.
Lyxor’s ETF Euro Cash replicates the EuroMTS EONIA Investable Index which measures the total return of a rolling deposit in the overnight interbank euro market.
It is published daily using the Euro Over-Night Index Average computed by the European Banking Federation.
The decision has been taken following the recent performance of the EONIA index, and will be reflected in the operating and management fee of the ETF.
The new management fee will be charged on the net asset value of the product and it will not be reflected on the total expense ratio published by the fund.