Lyxor sees 6% increase in ETF assets

ETF tradingLyxor Asset Management, the Paris-based asset manager owned by Societe Generale, has increased its exchange-traded fund (ETF) assets by 6% and overall assets by 4% since the end of 2013.

Europe’s third largest ETF provider, Lyxor saw net inflows of $1.6 billion (€1.1 billion) during the first quarter of the year into its ETF business.

The firm did not give further information about inflows or outflows in other assets classes. Lyxor describes itself as “the expert in all modern investment techniques” and runs alternative investments and quant strategies, among others.

Net ETF inflows were $468 million and Lyxor, whose chief executive is Lionel Paquin, claims the growth is “the result of a strong focus on the performance and quality of Lyxor’s ETF offering”.

At the end of March 2014, Lyxor had $115 billion, or €82.5 billion, of total assets under management, and according to ETFGI, an independent ETF data gatherer, it had $46.8 billion in ETFs.

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