Lyxor Asset Management has become the first provider to offer South African ETFs on the London Stock Exchange.
The ETF specialist is launching a South African product as well as Indian Exchange Traded Funds (ETFs) for the UK market.
The ETFs offer investors a chance to access these emerging markets on one single share traded on the London Stock Exchange, at total expense ratios (TERs) of 0.85% and 0.65% respectively.
Lyxor ETFs UK, Ireland and Nordic region head Daniel Draper says. “We aim to capitalise on our strength in the global ETF marketplace by filling gaps in the UK market, and being the first organisation to launch a South African ETF on the LSE is a good example of our innovation.”
Frequent ETFs user, Seven Investment Management director Justin Urquhart Stewart, says the rapidly evolving Indian and South African economies are attractive to investors.
“ETFs offer a very attractive way to achieve exposure to these markets and it is likely that these instruments will play a key role in encouraging more investor money to flow in to emerging markets,” he says.
Lyxor says further ETF launches are expected later in the year, with an emphasis on more emerging markets.
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