Lyxor launches S&P 500 ETF in London

The issuer is one of several to launch an ETF on the S&P 500 index, following the end of a 10 year exclusive licensing agreement, whereby iShares was the sole provider in Europe to have an ETF on the US benchmark. Lyxor's S&P 500 ETF, which can be traded in US dollars and British sterling, has an annual management fee of 0.20%. The Lyxor ETF S&P ASX 200 and the S&P TSX 60, reflecting the Australian and Canadian stock markets respectively, have annual management fees of 0.30%. These funds can also be traded in US dollars and British sterling. The S&P ASX 200 covers around 78% of the...