Lyxor cross-lists two ETFs in Italy

Sep 11th, 2017 | By | Category: ETF and Index News

Lyxor has cross-listed two ETFs onto Borsa Italiana, the Lyxor EUR 2-10Y Inflation Expectations UCITS ETF (INFL) and the Lyxor EURO STOXX 50 UCITS ETF (MSE).

Lyxor cross-lists two ETFs in Italy

MSE has assets of €7.3bn making it one of the largest ETFs listed in Europe.

INFL offers investors exposure to inflation expectations by holding long positions in inflation-linked government debt and short positions in standard government bonds with matching durations.

The ETF tracks the Markit iBoxx EUR Breakeven Euro Inflation Fr & Ge Index, which currently has an average duration of 5.6 years. The credit rating exposure of the index is split 36% to AAA and 64% to AA rated securities.

INFL was launched in April 2014 and has assets under management (AUM) of €867 million, with a total expense ratio (TER) of 0.25%. The fund is already listed on Euronext Paris, Deutsche Börse and SIX Swiss Exchange in euros, as well as the London Stock Exchange (LSE) in pounds sterling.

MSE offers investors access to the EURO STOXX 50 Index, Europe’s most popular equity benchmark for large-cap, blue-chip exposure. The index tracks the largest 50 stocks in the eurozone weighted by market capitalisation.

Currently, the largest sector exposures are financials (22.2%), industrials (14.4%) and consumer discretionary (11.4%), while the country exposures are dominated by France (36.0%) and Germany (32.9%), with the next largest being Spain (10.6%). The largest individual holdings in the index are Total (4.7%), Siemens (4.1%) and Sanofi (4.0%).

MSE was launched in February 2001 and currently has €7.3bn in AUM with a TER of 0.20%.

The ETF is currently listed on Deutsche Börse, Euronext Paris, SIX Swiss Exchange, Weiner Borse and BATS Chi-X in euros, and on the LSE in pounds sterling and dollars.

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