Lyxor's plans for ETF domination

Lyxor Asset Management's director Ben Thompson explains the group's plans to gobble up market share in the exchange traded funds (ETF) market.

Lyxor currently ranks as the third-largest ETF distributor in Europe, and is hoping the whole-of-market ethos put in place by the RDR will turn more advisers towards passive products. Although, so far, the business has been predominantly institutionally-focused, Lyxor is has just finished a review of the retail market, put its shop in order, and plans are afoot to take a larger chunk of the retail market. Thompson pointed out the US market for ETFs is split 50/50 between retail and institutional, and this could work as a footprint for the UK, where ETF take-up has remained predominant...