Lyxor Asset Management continues to offer the largest equity ETF in Europe. The Lyxor ETF DJ Euro...
Lyxor Asset Management continues to offer the largest equity ETF in Europe. The Lyxor ETF DJ Euro Stoxx 50 gathered €5.147bn in assets under management (AuM) by the end of 2008 and reaped €1.5bn in new assets throughout last year.
Equity ETFs represent 66.47% of the total AuM in Europe, despite the downturn of global equity markets. The MSCI Worl index, for example, has fallen 42.08% year to year, while the Eurostoxx 50 index has fallen 44.37%.
Lyxor Asset Management executive director Claus Hein says: "Over the past couple of months, the most popular ETFs in the market have been blue-chip, large-cap equity indices. In January, Equity ETFs accounted for 82% of Lyxor's net new assets, with significant fund unit creations in our FTSE 100, Euro Stoxx 50, Cac 40 and MSCI USA ETFs."
He adds: "Investors are looking for transparency, liquidity and diversification via low-cost index-tracking vehicles like ETFs. If investors want to change their views or adjust their overall market exposure, ETFs allow for intra-day trading across a number of equity indices and also different asset classes like fixed income and commodities."
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