Lyxor Core MSCI World (DR) UCITS ETF
LCUW.DE
Deutsche Börse- -
EUR
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Lyxor Core MSCI World (DR) UCITS ETF (ticker: LCUW.DE, ISIN: LU1781541179) is an exchange-traded fund that seeks to replicate, as closely as possible, the performance of the MSCI World Net Total Return USD Index through physical full replication; the benchmark index tracks the market capitalization-weighted performance of large- and mid-cap stocks from 23 developed markets, representing approximately 85% of each country's free-float adjusted market capitalization. The ETF offers accumulating share classes with a total expense ratio (TER) of 0.12% per annum; it holds approximately 1,510 equities, with top exposures including technology (20.31%), financials (14.94%), and healthcare (13.66%), and leading country allocations to the United States (68.60%), Japan (5.89%), and the United Kingdom (4.47%). Launched on February 28, 2018, as a Luxembourg-domiciled SICAV under UCITS regulations, the fund is managed by Amundi Asset Management S.A.S., following Amundi's acquisition of its issuer Lyxor Asset Management—founded in 1998 and headquartered in Paris, France—from Société Générale for €825 million in December 2021. The ETF operates globally, providing retail and institutional investors with diversified exposure to equities across North America, Europe, Asia-Pacific, and other developed regions; it trades on major exchanges including Xetra, with assets under management reaching approximately €5.285 billion as of mid-2024. In a significant recent development, Amundi announced the merger of the Luxembourg-domiciled LCUW (also referred to as Amundi MSCI World V UCITS ETF) into its larger Irish-domiciled counterpart, the Amundi MSCI World UCITS ETF (MWOE), effective around February 2025, to leverage Ireland's favorable US double taxation treaty for reduced 15% withholding tax on US dividends versus 30% in Luxembourg; this strategic relocation maintains unchanged index tracking, TER, and exposure while enhancing long-term net performance for shareholders, though it may trigger tax events on realized gains. This move aligns with Amundi's ongoing post-Lyxor integration efforts, including multiple ETF mergers and re-domiciliations to optimize scale and efficiency across its passive management platform.