In an attempt to leverage its position to be Europe’s No. 1 exchange traded fund (ETF) provider, Lyxor Asset Management will boost assets in Japan by 50% during the next five years. Lyxor seeks $10 billion assets under management in Japan through its first outside-Europe office where the French-based firm’s 90 ETFs have a 27% market share, according to a Lyxor chief executive officer. Tomoko Yamazaki and Mariko Yasu for Bloomberg report that Japanese investors already account for around 17% of Lyxor’s investment alternative assets. Lyxor is aiming to capitalize on demand for higher yields in an economy where deposits pay the lowest interest rates among developed nations.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.