Lyxor lowers fees of Nasdaq-100 UCITS ETF
Lyxor has reduced the Total Expense Ratio of the Lyxor Nasdaq-100 UCITS ETF from 0.30 per cent to 0.22 per cent annually, making it the cheapest on the market with this exposure1.
This fee reduction has been made possible by the economies of scale resulting from the merger between the Lyxor ETF and ComStage ranges following the integration of the two entities last year. This ETF now has a combined total of EUR 1.3bn of assets under management.
The Nasdaq-100 Index tracks the performance of the 100 largest US and international non-financial companies by market capitalisation, in particular the technology stocks which account for more than 47 per cent of the index.
Chanchal Samadder, Head of Product Strategy at Lyxor ETF, comments: "Through this ETF investors can invest in some of the most innovative companies in the world in a simple, transparent and cost-effective way ".