ETFs are low cost ways of investing but now look set to become even cheaper as investors want broad access to equity markets
Thursday 29 Mar 2018 Author: David Stevenson

A price war among exchange-traded fund providers looks imminent as French firm Lyxor has lowered fees on 12 of its products.

The firm says these ETFs will now be the cheapest in Europe with management fees of between 0.04% and 0.12%.

Lyxor, the asset management arm of French bank Societe Generale, claims the products are 40% cheaper than similar products offered by its rivals.

The company recently launched four new products on the London Stock Exchange including Core Morningstar UK ETF (LCUK) and Core Morningstar US Equity ETF (LCUS).

These funds track Morningstar UK and US equity indices respectively and both have 0.04% charges a year. (DS)

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