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Lyxor launches Euro banks ETF

The Lyxor EURO STOXX Banks (DR) UCITS ETF, investing in the Euro area’s largest banks, has been launched on Xetra and Börse Frankfurt.

The Lyxor EURO STOXX Banks (DR) UCITS ETF allows investors to participate in the performance of the EURO STOXX Banks Index. The benchmark index, a sub-index of the EURO STOXX index series, comprises shares of the euro area's largest banks. The benchmark index currently tracks 26 companies from eight Euro area countries.

Ongoing annual charges on the ETF are 0.3 per cent and the distribution policy is accumulating.

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