(LYYA) Lyxor MSCI World - Ratings and Ratios

The Lyxor MSCI World UCITS ETF is designed to track the MSCI World Net Total Return USD Index, providing exposure to developed markets equity performance. The EUR-hedged share class mitigates foreign-exchange risk through a monthly currency hedge mechanism.

From a quantitative perspective, key performance indicators (KPIs) for this ETF include its tracking error, which measures the deviation of the ETFs returns from its benchmark index. A lower tracking error indicates a more efficient replication of the index. Additionally, the ETFs expense ratio, which is not explicitly stated, is a crucial metric to evaluate its cost-effectiveness. Typically, UCITS compliant ETFs have low expense ratios.

The underlying MSCI World Net Total Return USD Index is a market capitalization-weighted index, meaning it is biased towards larger-cap stocks. This can result in a higher concentration risk. To mitigate this, its essential to analyze the indexs constituent stocks, sector allocation, and geographic distribution. As the index covers developed markets, it is likely to have a significant allocation to the US, Japan, and European countries.

With an AUM of 7585.05M EUR, the Lyxor MSCI World UCITS ETF has a substantial asset base, indicating a reasonable level of liquidity. To further assess its liquidity, one can examine the ETFs average daily trading volume, bid-ask spread, and market makers presence. A liquid ETF is essential for minimizing trading costs and ensuring efficient execution.

To evaluate the ETFs performance, one can analyze its returns over various time horizons, such as 1-year, 3-year, and 5-year, relative to its benchmark index. Additionally, risk metrics like volatility, beta, and Sharpe ratio can provide insights into the ETFs risk-adjusted performance. A thorough analysis of these KPIs will help investors make informed decisions about their investment in the Lyxor MSCI World UCITS ETF.