Lyxor Asset Management, a wholly-owned subsidiary of Société Générale, has launched three US ETFs and a fourth linked to the MSCI World Index.
The new ETFs offer advisers the ability to track four of the world’s most important indices through shares traded on the London Stock Exchange.
The US range includes an ETF linked to the Dow Jones Industrial Average index; a price weighted average of leading blue-chip stocks. The product is the first LSE-listed ETF to track the Dow. This index grew by 6.43% in 2007, 16.29% in 2006 and fell 0.61% in 2005.
Meanwhile, the Lyxor ETF MSCI USA gives access to an index which monitors the performance of around 85% of the stock market capitalisation of the US. The index grew by 4.09% in 2007, 13.18% in 2006 and 3.80% in 2005.
The third US product is connected to the Nasdaq-100 Index which consists of 100 of the largest and most active non-financial domestic and international issues listed on the Nasdaq. The index grew by 18.67% in 2007, 6.79% in 2006 and 1.49% in 2005.
On the global side, the Lyxor ETF MSCI World is linked to an index designed to measure the market performance of developed markets. As of February 2008, the MSCI World Index consisted of 23 developed market countries with 1945 companies. The index grew by 7.09% in 2007, 17.95% in 2006 and 7.56% in 2005.
All of Lyxor's new LSE-listed ETFs are also available in USD. The total expense ratios on the products range between 0.30% and 0.50% p.a.
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