Lyxor cuts management fee for ETF Euro Cash
Lyxor International asset management has announced a new cut in the management fee of Lyxor ETF Euro Cash in Italy.
The fee is now set at 0.065%.
It’s the third cut since August 1, when the fee was reduced from 0.15% to 0.085%.
Lyxor’s ETF is quoted on Italy’s stock exchange Borsa Italiana. Euro Cash is a UCITS IV compliant Exchange-traded fund, tracking the performance of the Euromts Eonia Investable index.
Marcello Chielli, head of Lyxor’s ETFs in Italy, said the company will periodically review the management fee in relation to interest rates level.