Lyxor has cut its fees ten basis points on its World Sector ETFs. From 1 June fees will be 30bps, down from 40bps the month before.

The newly lowered fees bring Lyxor more in line with its competitors such as Vanguard, State Street and Fidelity, each of which charge ten, fourteen and eight basis points for ETFs tracking the same indices.

Lyxor said the cuts "were made as part of an ongoing process of reviewing and evaluating the Lyxor ETF range".

The ETFs are:

· Lyxor MSCI World Consumer Discretionary TR

· Lyxor MSCI World Consumer Staples TR

· Lyxor MSCI World Energy TR

· Lyxor MSCI World Financials TR

· Lyxor MSCI World Health Care TR

· Lyxor MSCI World Industrials TR

· Lyxor MSCI World Information Technology TR

· Lyxor MSCI World Materials TR

· Lyxor MSCI World Telecommunication Services TR

· Lyxor MSCI World Utilities TR