New ETFs signal market expansion

Lyxor Asset Management, a subsidiary of Société Générale Group, has become the first new ETF provider to join the LSE’s growing ETF sector since a change to stamp duty rules was introduced. The new rules make it easier for overseas firms to issue new market traded index trackers in the UK. The three ETFs launched by Lyxor are the Lyxor ETF FTSE All-Share, the Lyxor ETF FTSE100, and the Lyxor FTSE250. They bring the total number of ETFs offered by the LSE to 53. The LSE says the new additions “mark the start of what is expected to be a significant expansion of the UK ETF market”. It poin...