Lyxor Makes UK Funds Range Available To IFAs

Rachel Walsh

29 January 2009

Lyxor Asset Management, owned by Société Générale, has made its UK range of ETFs available to IFAs via Ascentric, the whole of market wrap platform.

The company sees IFAs becoming an ever more important distribution channel for ETFs going forward as advisors look further afield for the most cost-effective products combined with more emphasis on asset allocation. The Lyxor ETFs now available on Ascentric have management fees ranging from 0.30 per cent to 0.70 per cent and are all listed on the London Stock Exchange.

Throughout 2008 investors were attracted to ETFs because of their cost efficiency, transparency, high liquidity and intra-day trading. Investors have been increasingly selecting index-tracking investments because the correlation between asset classes and their overall volatility are at high levels, making stock-picking extremely difficult. Those parties wishing to invest are buying whole markets and ETFs provide a cost-efficient and convenient way to do so.

Ascentric and Fundsdirect are the trading names of Investment Funds Direct, owned by the Royal London Group.

Royal London Group operates through a number of brands, including Scottish Life, and as at 30 September had combined funds under management of £34.5 billion.