GLOBAL - Crédit Agricole Structured Asset Management (CASAM) has launched 10 new ETFs products on Eu...
GLOBAL - Crédit Agricole Structured Asset Management (CASAM) has launched 10 new ETFs products on Euronext, increasing the total number of ETFs it has launched in 2008 to 21.
The new products will track the main European industry sectors. In addition, two products, MSCI USA and CASAM ETF MSCI JAPAN, will provide international coverage.
Lisa Dallmer, senior vice president, Global Index and Exchange Traded Products, NYSE Euronext, said: "ETFs are attractive investment products as they are flexible, transparent and cost efficient.
"With this introduction, we now have nearly 400 listed ETFs with over 260 underlyings on our European markets."
The CASAM ETF product range is distributed by a dedicated sales team at CA Cheuvreux, Crédit Agricole Group's European equity broker, as well as through the sales network of Crédit Agricole Asset Management.
François Simon, chief executive officer of CA Cheuvreux, said: "The ETF market has continued its growth in 2008.
"CA Cheuvreux will continue to support the development plan of the CASAM ETF range by promoting this competitive offer to its institutional clients worldwide".
The CASAM ETF range now comprises 24 products.
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