Swiss Life Asset Managers is launching its first passive funds based in Luxembourg, Citywire reports.
Swiss Life Index Funds (Lux) – Equity EMU will launch in June, and Swiss Life Index Funds (Lux) – Equity ESG EMU are scheduled to debut in the third quarter, the company said.
They follow the MSCI EMU (European Economic and Monetary Union) indices, which cover large- and mid-cap stocks from the bloc’s ten developed countries. Funds that receive regulatory approval will have an overall expense ratio of approximately 0.14% for Class I shares for qualified investors.