| Lyxor AM To List Five Etfs on SGX. Expanding Coverage Beyond Asia |
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07/05/2009 16:03 (489 Day 23:37 minutes ago) | |||||
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The FINANCIAL -- Lyxor International Asset Management (Lyxor AM), a wholly owned subsidiary of Société Générale, and Singapore Exchange Limited (SGX) on May 7 announced that Lyxor AM will list five new exchange-traded funds (ETFs) on SGX on 12 May 2009.
Four of these ETFs will cover indices that track markets outside Asia and the United States, for the first time on SGX.
The new ETFs are:
Lyxor ETF Eastern Europe (CECE EUR)
Lyxor ETF Eastern Europe (CECE EUR) tracks the performance of CECE EUR Index published by the Vienna Stock Exchange (Wiener Börse AG). The index is made up of equities selected from the Eastern European markets of Hungary, Czech Republic and Poland. As of end-April 2009, the CECE EUR Index comprised 29 stocks in the three countries with a total market capitalisation of US$104.9 billion. The annual total expense ratio (TER) for this ETF is 0.50%.
Lyxor ETF MSCI Emerging Markets aims to replicate the performance of the MSCI EMERGING MARKETS index. As of end-April 2009, the Index comprised 738 stocks in 23 global emerging markets including Argentina, Brazil, Chile, China, Columbia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, South Korea, Taiwan, Thailand, Turkey and Venezuela, with a total market capitalisation of US$2.06 trillion. The annual TER for this ETF is 0.65%.
Lyxor ETF MSCI EM Latin America charts the performance of the MSCI EM LATIN AMERICA index. As of end-April 2009, the Index comprised 124 stocks in 6 countries including Argentina, Brazil, Chile, Colombia, Mexico and Peru, with a total market capitalisation of US$449 billion. The annual TER for this ETF is 0.65%.
Lyxor ETF MSCI World aims to replicate the performance of the MSCI World Index, offering investors a unique opportunity to gain instant exposure to global developed market equity performance. As of end-April 2009, the Index comprised 1,678 stocks across 23 developed market countries around the world with a total market capitalisation of US$16.248 trillion. The annual TER for this ETF is 0.45%.
Lyxor ETF NASDAQ-100 tracks the performance of the NASDAQ-100 Index, which comprises the largest 100 NASDAQ-listed companies with a total market capitalisation of US$1.67 trillion as of end-April 2009. Many of these constituent companies are technology companies, thus giving the ETF a heavy technology tilt. The annual TER for this ETF is 0.30%.
Commenting on the new launches, Mr Joseph Ho, Managing Director & Head of Exchange Traded Funds, Asia Pacific, Société Générale, remarked, "The new listings will take Singapore investors a step closer to conveniently realising investment opportunities offered by the global markets while trading in the comfort and safety provided by SGX. While there are still disagreements over when and in what form or shape the recovery will come, a global range of ETF products providing easy access is likely to benefit investors, large and small alike. Recent strong performance in markets like Taiwan, Korea and China does illustrate the value of providing choices.”
“Our strategy of developing SGX into an Asian ETF hub is panning out very well. We are pleased that global issuers like Lyxor have responded well to our comprehensive ETF issuer support programme, and continue to choose our market for more ETF listings. The listing of these five ETFs will bring our total ETF offering to 35 and extend our ETF portfolio coverage beyond Asia and the US to the rest of the world. Our next goal is to make SGX the Asian hub for investors to invest globally,” said Mr Andrew Ler, Senior Vice President & Head of Private Investors at SGX.
The 35 ETFs on SGX cover mainly Asian equity markets such as Singapore, India, Greater China, ASEAN, Korea and Japan as well as commodities, including gold.
Lyxor AM, which managed US$78 billion of assets as of end-March 2009, was also the world’s fourth largest ETF issuer ETF Industry Preview, as of end Q1 2009, Barclays Global Investors, offering over 140 ETFs listed on major European and Asian exchanges. Lyxor AM, already the most prolific ETF issuer in Singapore, will boost its total ETF offering on SGX to 18 with this launch. The new additions will complement its already impressive Asia- and commodities-focused ETF line-up.
Lyxor ETFs are passively-managed index tracking funds combining the liquidity benefits of exchange-listed securities and the diversification advantages of traditional mutual funds, providing valuable portfolio building blocks.
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