Lyxor adds short-dated gilts ETF to fixed income range

Follows post-Brexit flight to quality

Lyxor has expanded its core fixed income passive offering with the launch of a short-dated gilts ETF.

The company said the launch of the Lyxor FTSE Actuaries UK Gilts 0-5Y UCITS ETF completes its range of gilts ETFs and gives investors the choice of short, all maturity or inflation-linked gilts. The latest product is consistent with Lyxor's pricing strategy for core fixed income, with gilts and treasury ETFs priced at 0.07% and UK & US corporate bond ETFs at 0.09%. It follows June's launch of two investment products to track inflation expectations, while protecting from the risk of rising interest rates. Lyxor said the short-dated end of the UK government bond market is likely to b...