Lyxor Index Fund - Lyxor STOXX Europe 600 Automobiles & Parts UCITS ETF
LAUT.DE
Deutsche Börse- -
EUR
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Luxembourg
- IPO Date
- Feb 1, 2019
- Similar Companies
- Business
- Lyxor Index Fund - Lyxor STOXX Europe 600 Automobiles & Parts UCITS ETF (LAUT.DE) operates as a passively managed exchange-traded fund that seeks to track the performance of the STOXX Europe 600 Automobiles & Parts Net Total Return Index, denominated in euros and representative of large European companies in the automobile and auto parts sector. The ETF employs synthetic replication through unfunded over-the-counter swap contracts to achieve its investment objective while minimizing tracking error; it maintains a diversified portfolio of international equities exchanged via financial derivative instruments against the benchmark index performance. As an accumulating UCITS-compliant vehicle domiciled in Luxembourg with a total expense ratio of 0.30% per annum, the fund targets institutional and retail investors eligible for the French Equity Saving Scheme (PEA), requiring at least 75% of assets in European Union-issued equities, and lists primarily on European exchanges with a fund size of approximately EUR 26 million. The fund provides exposure to leading European automobiles and parts companies across the STOXX Europe 600 index constituents, focusing on equity securities in the sector without currency hedging; it reinvests net dividends into the fund rather than distributing them. Holdings composition and indicative net asset values appear on Amundi ETF platforms, Reuters, and Bloomberg, supporting secondary market trading during exchange hours. Originally launched on August 18, 2006, under Lyxor Asset Management (founded in 1998 and headquartered in Paris, France), the ETF integrated into the Amundi ecosystem following Amundi's 2021 acquisition of Lyxor from Societe Generale. In a major recent development, the sub-fund underwent a merger by absorption on June 21, 2024, into the Amundi STOXX Europe 600 Consumer Discretionary UCITS ETF sub-fund of Multi Units Luxembourg SICAV, with shareholders receiving adjusted shares in the receiving fund to account for swap costs and avoid dilution. This reorganization reflects Amundi's ongoing product range optimization, including prior mergers like the Lyxor STOXX Europe 600 UCITS ETF into an ESG variant in late 2022; separately, Amundi divested Lyxor Asset Management Inc. (U.S. subsidiary) to Wilshire in 2023 for enhanced alternatives capabilities. Post-merger, legacy LAUT.DE shares ceased independent trading, redirecting exposure to the broader consumer discretionary segment across European markets.