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Lyxor launches four exchange traded funds

LYXOR Asset Management has launched of four new exchange traded funds.

The funds are designed to give investors access to the emerging markets of Korea, Hong Kong, Turkey and Eastern Europe.

Lyxor’s new products are index tracking funds that can be bought and sold like shares on the stock exchange.

Lyxor ETF MSCI will track the MSCI Korean index, which comprises of 113 companies and has a market capitalisation of $470bn (£283bn).

Lyxor ETF Hong Kong will track the Hang Seng, which comprises of 43 companies and has a market capitalisation of HKD11.9trn (£0.7trn).

Lyxor ETF turkey will track the Dow Jones Turkey Titans index, with a market capitalisation of $35.3bn (£17bn) and Lyxor ETF Eastern Europe will track the Cece extended Eur index with a market capitalisation of Euro 177.7bn (£142bn).

All of the indexes have shown significant growth since 2005.

The four funds offer investors low annual management expenses, and increased liquidity provided through a multiple broker-dealer platform.

Lyxor is listing the exchange traded funds on the London stock exchange and they are also available in US dollars.

 

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