The Asset Management Company part of Société Générale Group and Europe's third-largest ETF provider, Lyxor, announced it will transfer 19 exchange traded funds (ETF) with assets of 4,9 billion euros to Luxembourg.
According to Ignites Europe, Lyxor already moved the first 2,9 billion euros of ETF assets in October and will be moving the 2 remaining billion this month. The French asset manager already redomiciled €1.3bn of ETF assets from France to Luxembourg two years ago.
This move is answering to client demand: "The rationale has been very much client demand. Many of our investors across Europe tell us Luxembourg is a simple domicile for them to deal with," explained Adam Laird, Head of ETF Strategy for Northern Europe at Lyxor.
Publié le 19 novembre 2018