Lyxor aims for new standards with ETF charter

"We want to set a new standard for ETF investors," says Simon Klein, Lyxor head of ETFs Europe. "There are six quality indicators so clients can really trust the product and there is a lot of commitment from us." The six indicators are: asset management quality, index tracking, transparency, counterparty risk, primary market and secondary market. The decision to publish the charter comes after months of examination of the ETF market, with particular focus falling on the synthetic (or swap-based) structure used by Lyxor. "People have been focusing on the structure of ETFs; with this...