Nizam Hamid, head of ETF strategy at Lyxor Asset Management, talks to Emma Cusworth about the challenges of the European market and his plans to reach the top spot.
A big believer in decisive action, Hamid has wasted no time since joining Lyxor in November. With innovation top of his agenda, Lyxor has a “full launch schedule”, including commodities and fixed income products. His ambition is clear: to be European number one by market share. With $52.4bn in AUM at the end of 2010, Lyxor is number two with a market share just over 18% and fourth globally, according to BlackRock. However, taking on iShares with $94.4bn and a 32.4% share of the European market will not be easy. “We are doing a lot of work to restructure our ETFs to make them more flex...
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