Lyxor has thrown down the gauntlet to its rivals with the launch of a core ETF range that will charge between 0.04% and 0.12%, which it claims are the lowest fees across Europe and rival those in the US.
The range will be made up of 16 ETFs covering global, UK, European, US and Japanese equities and gilts and US government bonds on the fixed income side. The firm has launched four ETFs to complete the range and accompany the 12 existing ETFs that have seen their fees reduced. The new Lyxor Core Morningstar UK UCITS and Lyxor Core Morningstar US UCITS ETFs will track Morningstar indices and charge 0.04% while the Lyxor Core MSCI World and Lyxor Core MSCI Japan ETFs will track MSCI benchmarks and cost 0.12%. Physically replicated, the ETFs will list on the Deutsche Borse on today (21...
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