Lyxor Asset Management (Lyxor) has made its entire UK range of ETFs available to IFAs via wrap ...
Lyxor Asset Management (Lyxor) has made its entire UK range of ETFs available to IFAs via wrap platform, Ascentric.The company says it sees IFAs becoming an ever more important distribution channel for ETFs going forwards.
"The UK IFA community represents a tremendous opportunity for exchange traded funds, which is expected to be the fastest growing European fund management segment over the next three years," says Dan Draper, global head of Lyxor ETFs.
Meanwhile, Dominic Ventham, head of marketing at Ascentric, says: "As an independent, whole of market platform, our users expect to have access to new, up and coming funds and there has been a growing demand for the addition of Lyxor's funds. I have no doubt that these funds will become a key part of the Ascentric fund offering going forward."
The Lyxor ETFs now available on Ascentric have management fees ranging from 0.30% to 0.70% and are listed on the London Stock Exchange.
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