Lyxor lists 14 funds on London Stock Exchange

Lyxor Asset Management has listed 14 of its largest and most liquid ETFs on the London Stock Exchange for the UK investor.

Of the 14 new funds, seven are the biggest in terms of AUM for their respective benchmarks. In addition, four have more than $1bn in assets. “This is particularly beneficial for institutional investors, whose internal investment limits preclude them from investing in funds below a certain size,” a Lyxor statement said.

These funds are also some of the most actively traded ETFs in Europe for the benchmarks they track. “As such, they are supported by an established network of Authorised Participants and market makers who maintain highly liquid trading conditions for these funds across Europe,” Lyxor said.

As flagship Lyxor funds, three of the range (Lyxor ETF MSCI USA, Lyxor ETF MSCI Emerging Markets and Lyxor ETF Japan Topix) have benefited from recent Total Expense Ratio (TER) reductions in order to ensure they are amongst the most competitive ETFs for these underlying indices, Lyxor said.

All 14 funds have UK Reporting Fund (UKRF) status and are tradable in GBP to ensure that they can meet the requirements of UK investors. Nine funds can also be traded in USD.

Lyxor has more than €29bn of assets under management in ETFs, and is the third largest ETF provider in Europe and ranks sixth worldwide, offering a comprehensive range of 263 ETFs with access to over 163 individual indices across all asset classes (equities, bonds, money markets and commodities), themes, sectors and regions.

Separately, in December Lyxor will be converting four of its ETFs tracking the EuroMTS Macro Weighted AAA Government indices to physical replication.

The funds will be managed using full replication, Lyxor said in a statement. “Each fund will invest directly in all the sovereign bonds that make up the respective EuroMTS Macro Weighted AAA Government Index without any sampling. The aim is to achieve the highest possible correlation between the performance of the funds and the performance of the indices.

“Securities lending will not be part of the management process as the performance benefit to investors would be negligible and would not justify the addition of counterparty risk to the fund.” 

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