Lyxor Asset Management has reduced the fees on two more of its core equity exchange traded funds in an attempt to make them more competitive, according to a note sent to clients on Monday.
The note, seen by Financial News, said Lyxor had halved the total expense ratio for its FTSE 100 ETF to 15bps from 30bps and reduced the total expense ratio on its euro and US dollar denominated S&P 500 ETFs from 20bps to 15bps.
