Lyxor continues rehoming ETFs in Luxembourg

by , 15th March 2019

In its bid to maintain product modernisation, Lyxor has been relocating the domicile of all its ETFs to Luxembourg which the company says is an “international business hub”.

Today has seen seven more Lyxor ETFs relocate from France to Luxembourg. These ETFs include:

·      Lyxor MSCI BRAZIL UCITS ETF
·      Lyxor INT UCIT DJ RUSSIA GDR D ETF
·      Lyxor MSCI TURKEY UCITS ETF
·      Lyxor MSCI SOUTH AFRICA UCITS ETF
·      Lyxor EST EUROPE ETF
·      Lyxor MSCI LAM ETF
·      Lyxor MSCI MALAYSIA C ETF

Lyxor began this transition at the end of 2017 in response to client demand as more wealth managers entered the market following the implementation of MiFID II. Investors will benefit from a tax and accounting perspective, according to the company.

In addition to the firm transitioning over existing funds, all newly launched ETFs by Lyxor will now be domiciled in Luxembourg from its launch. This includes its recently listed Europe ESG leaders ETF which saw significant inflows in its first month, contributing a third to the $1.5bn of European inflows for February.

To keep up to date with product modernisation and client demand, Lyxor has also been liquidating any funds older than two years and with less than EUR 10m in assets under management.

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