Lyxor launches currency-hedged ETF share classes on Euro Stoxx 50

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Paris headquartered Lyxor launched the first currency-hedged ETF share classes on Euro Stoxx 50 index, on 17 February. It has a total expense ratio of 0.20% per annum.

Lyxor said that these hedged ETFs, Lyxor Ucits ETF Euro Stoxx 50 Monthly Hedged C-USD and Lyxor Ucits ETF Euro Stoxx 50 Monthly Hedged C-GBP, are meeting investors’ needs “in an environment where monetary policies’ misalignment has contributed to an increase in currency volatility.”

Fluctuations in foreign-exchange rates can affect the performance between the index returns in its local currency and the returns of a non-hedged ETF listed in a different currency.

Arnaud Llinas, Lyxor’s head of ETFs and Indexing, commented: “Lyxor is always looking for new investment opportunities to meet investor needs and has expanded its ETF range accordingly. Our currency-hedged ETFs tracking the Euro Stoxx 50 Index therefore offer exposure to European equities, while mitigating the fluctuations of the Euro against the listing currency.”

Lyxor has currently $6.5bn (€5.7bn) of assets under management on the Euro Stoxx 50 index, covering 50 stocks from 12 Eurozone countries.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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