Lyxor  

Lyxor makes drastic fee cuts to three ETFs

Lyxor makes drastic fee cuts to three ETFs

Lyxor Asset Management has more than halved the fees imposed on three of its Euro Stoxx exchange-traded funds.

The Euro Stoxx 50, 300 and 600 now attract fees of 0.07 per cent rather than 0.15 per cent.

Adam Laird, head of ETF strategy at Lyxor, said: “This latest fee cut has been in Europe as we know that’s a market of interest to many investors at the moment.

“In May more than €3.4 billion (£3bn) flowed to European equity ETFs – the highest since December 2015. Lyxor has over 60 options for investing in European equity – covering broad markets, single countries and sectors. This move makes us one of the lowest cost options for broad market exposure.”

Michael Fairweather, a chartered financial planner at Real Life Financial Planning, said: “It’s always good to see prices coming down for investors and it will be interesting to see if big players like Vanguard respond to these price cuts who currently charge between 0.09 per cent - 0.12 per cent for their European based ETFs and index tracker funds.”