Lyxor Asset Management has become the latest fund giant to cut fees for its exchange-traded funds (ETFs). Europe's second biggest ETF provider has reduced its total expense ratio from 0.40% to 0.30%. The fund's new fee structure is designed to encourage investors to buy more ETFs and reduce their exposure to a single fund.
Lyxor Asset Management has become the latest fund giant to cut fees for its exchange-traded funds (ETFs). Europe's second biggest ETF provider has reduced its total expense ratio from 0.40% to 0.30%. It reduced charges across 10 of its ETFs: consumer staples, consumer discretionary, financials, energy, health care, industrials, materials, information technology, telecommunication services and utilities.