Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc
STXEF
Other OTC- -
USD
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Capital Structure
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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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Luxembourg
- IPO Date
- May 12, 2023
- Similar Companies
- Business
- Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (STXEF) is an exchange-traded fund that seeks to replicate, to the greatest extent possible and before fees and expenses, the performance of the STOXX Europe 600 Net Total Return Index, which tracks the 600 largest companies across 17 European countries by free-float market capitalization, representing nearly 90% of the region's developed market investable universe. The ETF employs a physical replication method, holding a diversified portfolio across 11 industries including financials, health technology, industrials, consumer discretionary, and information technology; it is fully accumulating, reinvesting dividends to compound returns for long-term investors such as institutional portfolios, financial advisors, and retail traders seeking broad European equity exposure. Domiciled in Luxembourg with assets under management exceeding EUR 14 billion, the fund was launched on April 3, 2013, and trades on multiple European exchanges including Deutsche Boerse, Euronext, and the London Stock Exchange under various tickers like LYP6, MEUD, and LYX0Q0; its total expense ratio stands at a competitive 0.07% per annum. The ETF forms part of the broader passive investment product lineup managed by Amundi ETF, following Amundi's EUR 825 million acquisition of Lyxor Asset Management from Societe Generale in 2021, which was fully completed and integrated by mid-2022, propelling Amundi to become Europe's second-largest ETF provider with over EUR 170 billion in combined passive assets and a 14% market share. Post-acquisition, Amundi has pursued extensive rebranding and consolidation of the Lyxor ETF range, renaming nearly 40 products—including this ETF in certain listings—to align with Amundi branding, merging overlapping funds like commodity and overnight return strategies, and realizing annual cost synergies of EUR 60 million while targeting 50% growth in passive AUM by 2025 through enhanced ETF innovation, ESG integration, and economies of scale. These strategic shifts emphasize operational efficiency, expanded liquidity, and a focus on responsible investing, with plans to double the proportion of SFDR Article 8 or 9 classified ETFs to 40% of the range; no specific mergers or liquidations have affected this core equity product recently. Geographically, the ETF targets institutional and professional investors across Europe, with primary operations centered in Luxembourg and Paris.