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Lyxor Asset Management lists Japan ETF in London


Lyxor Asset Management has announced the listing of the Lyxor ETF Japan (Topix) on the London Stock Exchange, giving both institutional and private investors access to Japan’s most represe

Lyxor Asset Management has announced the listing of the Lyxor ETF Japan (Topix) on the London Stock Exchange, giving both institutional and private investors access to Japan’s most representative index, the Tokyo Stock Price Index, for the first time. The launch of the exchange-traded fund is the latest fruit of a co-operation agreement signed by the London and Tokyo stock exchanges earlier this year.

‘The listing of this ETF based on the Topix index represents an important opportunity for UK investors to gain exposure to a broad range of Japanese securities listed on the Tokyo Stock Exchange,’ says the London exchange’s chief executive, Clara Furse. ‘As our collaboration with the Tokyo Stock Exchange develops, we intend to offer investors in both countries further cross-market opportunities.’

Atsushi Saito, president and chief executive of Tokyo Stock Exchange, says: ‘The TSE is delighted with the listing of an ETF based on the Topix, which makes things more convenient for UK investors by increasing the number of tools at their disposal for investing in Japanese stocks. We expect that this listing will provide the impetus for a further enhancement of capital flows between Europe and Japan.’

Daniel Draper, head of ETFs for UK, Ireland and the Nordic region at Lyxor Asset Management, adds: ‘This latest addition to our product range will enable UK investors to access one of the world’s most important equity markets with ease, convenience and cost-efficiency.’ The Topix is a market capitalisation-weighted index comprising all the companies traded on the first section of the Tokyo Stock Exchange, currently numbering 1,718.

The London Stock Exchange now offers access to 83 ETFs covering a range of UK and global equity and bond indices. The total value of ETFs traded on the exchange during the first half of this year was GBP15.6bn, a 79 per cent rise on the level in the first six half of 2006.

The Tokyo Stock Exchange is the largest securities market in the Asia-Pacific region. Its equities market was valued at GBP2.2trn at the end of August, and it also boasts the largest market for Japanese securities derivatives such as Topix futures and options.

Created in 1998, Lyxor Asset Management is a subsidiary of Société Générale Group and manages EUR70.9bn in alternative investments (EUR26.8bn), structured management (EUR21.5bn) and index-tracking products (EUR22.6bn). Lyxor offers a diversified and liquid range of ETFs based on equity, bond and commodity markets with more than EUR17bn in assets under management.

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