Update: Lyxor cuts fees on another three European ETFs

Effective 12 June

Tom Eckett
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Lyxor has cut fees across its 10 sector ETFs
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Lyxor has cut fees across its 10 sector ETFs

Lyxor Asset Management, Europe's second largest ETF provider, has announced further fee cuts across three of its European ETFs.

The three ETFs, the Euro Stoxx 50, the Euro Stoxx 300 and the Stoxx Europe 600, have seen their total expense ratio (TER) cut from 0.15% to 0.07%.  The move was in response to increased investor interest in Europe after the firm recorded inflows of €3.4bn into European equities in May, the highest since December 2015. Last week, the firm cut fees across its ten world sector ETFs as part of an ongoing review of the product range. The ETFs saw their TERs cut by a quarter from 0.40% to 0.30%. The ten ETFs affected were Lyxor's consumer discretionary, consumer staples, energy, financia...

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