Lyxor cut fees on its ten-strong world sector exchange-traded fund (ETF) suite.
The firm highlighted that fees are an important factor for investors when choosing ETFs and that this price cut is a way to ensure its ETFs remain competitive.
The total expense ratio (TER) on the ten funds was dropped from 40% to 30%.
The fund affected were:
- Lyxor MSCI World Consumer Discretionary TR (DISG LN)
- Lyxor MSCI World Consumer Staples TR (STAG LN)
- Lyxor MSCI World Energy TR (NRGG LN)
- Lyxor MSCI World Financials TR (FING LN)
- Lyxor MSCI World Health Care TR (HLTG LN)
- Lyxor MSCI World Industrials TR (INUG LN)
- Lyxor MSCI World Information Technology TR (TNOG LN)
- Lyxor MSCI World Materials TR (MATG LN)
- Lyxor MSCI World Telecommunication Services TR (TELG LN)
- Lyxor MSCI World Utilities TR (UTIG LN)
'We keep our range under constant review as we know investors put more and more scrutiny on their passive choices,' Lyxor head of ETF strategy Adam Laird said.
'Charges aren’t the only thing we look at - we think it’s important investors consider each element of their investments together - including liquidity, precision and performance. But fees are an important factor of investment choice and we want to ensure our ETFs are competitive.