Lyxor cuts fees on fixed income ETFs in low-cost push

Effective from 29 January

Lyxor Asset Management has significantly cut costs on a number of its fixed income ETFs in a bid to improve value for investors.

Fees on its gilt and treasury ETFs have been more than halved to as low as 7bps, while UK & US corporate bond ETFs will be charged at 9bps, down from 15bps previously. The firm noted fixed income ETFs are an increasingly important area of the market, with 35% of inflows last year going into there products, which now represent €112bn, or approximately 25% of the total European ETF market. Lyxor itself has seen €2.6bn of inflows into fixed income ETFs in 2015, and expects to add new exposures in this area in the new year and refine existing funds. The firm said the current low yield ...