New Listing

Lyxor expands core range with global government bond ETF

Tracking a FTSE Russell index

Tom Eckett

a man wearing glasses

Lyxor has added a global government bond product to its core ETF range, ETF Stream can reveal.

The Lyxor Core Global Government Bond (DR) UCITS ETF (GOUD) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.09%.

GOUD tracks the FTSE G7 and EMU Government Bond Index – Developed Markets which offers exposure to government bonds issued by the G7 or eurozone countries.

The French asset manager has also listed a euro-hedged version, the Lyxor Core Global Government Bond (DR) UCITS ETF – Monthly Hedged to EUR (GOVG), on the Borsa Italiana. It has a TER of 0.15%.

Both ETFs are domiciled in Luxembourg.

Why do investors use fixed income ETFs?

Philippe Baché (pictured), head of fixed income at Lyxor ETF, commented: “This ETF is the latest in a series of enhancements we have been making to our fixed income range.

“GOUD could help to maximise diversification across markets and issuers at the same time, thus improving the risk profile, as well as limit the concentration risk of investing in a single local market.

“We have selected FTSE Russell for the quality of its government bond indices.”

Since launch in March 2018, Lyxor’s core ETF range, which includes Europe’s joint-cheapest ETF at 0.04%, has gathered €8.6bn assets.

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