Lyxor cuts fees on credit ETFs and adopts physical replication

Six basis point reduction

Lyxor Asset Management has cut the fees on its investment grade credit ETF range and switched from synthetic to physical replication.

Three corporate credit ETFs, Lyxor ESG Euro Corporate Bond (DR), Lyxor ESG USD Corporate Bond (DR) and Lyxor ESG Euro Corporate Bond ex Financials (DR), were switched to physical replication in the last months of 2020, with "similar changes" expected to be made to other credit ETFs this year. The future of the European ETF market: Sustainable, thematic and innovative The funds, which track the Bloomberg Barclays MSCI SRI Sustainable indices, have also seen their fees cut from 0.2% to 0.14%. These indices employ a ‘best-in-class' methodology, including issuers with an MSCI ESG ratin...