Lyxor rolls out its suite of US sector ETFs on Deutsche Börse

Apr 23rd, 2012 | By | Category: Equities

Paris-based Lyxor has rolled out its range of US S&P 500 sector ETFs on the Deutsche Börse. Aimed primarily at German-based investors, the Deutsche Börse listing compliments the range’s existing listing on the Euronext in Paris.

Lyxor rolls out its suite of US sector ETFs on Deutsche Börse

Lyxor has rolled out its suite of US sector ETFs on Deutsche Börse. The new Frankfurt listing compliments the suite's existing listing on NYSE Euronext in Paris.

The nine funds track the S&P Select Sector Capped 20% Indices, a variation of the S&P Select Sector Indices, which are themselves ultimately derived from the S&P 500 Index. The S&P 500 Index is a widely-followed index of leading, blue chip US companies.

The S&P Select Sector Capped 20% Indices employ a modified market-capitalisation weighted methodology to ensure that no individual stock has a weight over 20% of the index as of each quarterly rebalancing.

By tracking the 20%-capped version of the S&P Select Sector Indices, the funds thereby comply with UCITS diversification rules.

The Lyxor range competes directly with Source’s comparable family of US sector ETFs listed on the London Stock Exchange, which track the same 20%-capped indices.  The funds in the Lyxor range, however, have an annual total expense ratio of 0.20% compared to Source’s 0.30%.

The sectors the funds track are: financials, consumer discretionary, energy, consumer staples, utilities, technology, materials, industrials and health care.

Lyxor ETF S&P 500 Capped Financial Sector

Lyxor ETF S&P 500 Capped Consumer Discretionary Sector

Lyxor ETF S&P 500 Capped Energy Sector

Lyxor ETF S&P 500 Capped Consumer Staples Sector

Lyxor ETF S&P 500 Capped Utilities Sector

Lyxor ETF S&P 500 Capped Technology Sector

Lyxor ETF S&P 500 Capped Materials Sector

Lyxor ETF S&P 500 Capped Industrials Sector

Lyxor ETF S&P 500 Capped Health Care Sector

Tags:

Leave a Comment



More in Equities
FTSE 100 ETFs benefit as UK index reaches new heights
FTSE 100 ETFs benefit as blue-chip UK index reaches new heights

ETFs tracking the FTSE 100 Index have rallied as the UK blue-chip index closed at a new record high of 7,560 on Friday...

PowerShares Source cross-lists Europe small cap ETF in Italy
PowerShares Source lists Europe small-cap ETF in Italy; PIR compliant

PowerShares Source has listed the Source STOXX Europe Small 200 UCITS ETF (SDJSML IM) onto the Borsa Italiana. The ETF, which meets the...

Close