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Lyxor lists five more ETFs in Singapore


Lyxor International Asset Management, a wholly owned subsidiary of Société Générale, has announced that it will list five Lyxor exchange traded funds on Sing

Lyxor International Asset Management, a wholly owned subsidiary of Société Générale, has announced that it will list five Lyxor exchange traded funds on Singapore Exchange on 5 November, 2008.
Lyxor will boost its total ETF offering to 13 with the new additions.
The five new ETFs will complement Lyxor’s existing Asia- and commodities-focused ETF range.
They are: Lyxor ETF MSCI Asia Apex 50; Lyxor ETF MSCI Thailand; Lyxor ETF MSCI Malaysia; Lyxor ETF MSCI India; and Lyxor ETF Commodities CRB Non-Energy (Reuters/Jefferies CRB Non-Energy Index).
Lyxor ETF MSCI Asia Apex 50 will be the first ETF in Asia to track the recently launched MSCI Asia Apex 50 Index, which comprises 50 of the largest and most liquid securities in Asia excluding Japan.
The MSCI Asia Apex 50 Index, the first tradable index offered by MSCI Barra, serves as a tradable proxy to the broader MSCI AC Asia ex-Japan Index, a benchmark index widely followed by investors in Asia.
The new ETF will charge a total expense ratio (TER) of 0.50 per cent p.a. and is expected to complement the MSCI Asia Apex 50 index futures – the first pan-Asian contract listed in the region – already trading on Singapore Exchange.
Lyxor ETF MSCI Thailand and Lyxor ETF MSCI Malaysia, two ETFs focusing on the emerging markets in Asia, will make their debut in the region for the first time.
The introduction of both ETFs will allow investors to zero in on specific market performances from resource-rich Thailand and Malaysia. The total expense ratio (TER) charged by each of the two ETFs above will be 0.65 per cent p.a.
Lyxor ETF MSCI India will be the second Lyxor ETF focusing on the fast-growing Indian market, after the Lyxor ETF Nifty India launched on Singapore Exchange in May 2008.
It is listed on the back of strong demand for another India-based equity ETF, following the strong growth and active trading of the Lyxor ETF Nifty India since its launch. The new Lyxor ETF MSCI India, which charges an all-in-one TER of 0.85 per cent p.a., will offer local and regional investors an economical alternative to gain broad Indian exposure through the MSCI India Index.
Finally, Lyxor ETF Commodities CRB Non Energy will augment Lyxor ETF Commodities CRB which started trading on Singapore Exchange in January 2008.
The latest commodity ETF to be listed in Singapore, it will provide investors with diversified exposure to a portfolio of non-energy related commodities including metals, agricultural and soft commodities. Its benchmark index, the Reuters/Jefferies CRB Non Energy Index, is designed to provide timely and accurate representation of a long-only, diversified investment in 15 non-energy related commodities through a transparent calculation methodology.
This commodity ETF will charge an annual management fee of 0.35 per cent and a transaction cost of 0.35 per cent p.a.
Joseph Ho, managing director & head of exchange traded funds, Asia Pacific, Société Générale, says: "The power of ETFs lie in the diversity and number of products on offer, making them convenient and cost-effective investment tools for customising portfolios and investment strategies. It is in this regard that Lyxor AM will continue working with SGX to add products to our ETF platform." 
With the launch of these new ETFs, Singapore Exchange has 24 ETFs covering mainly Asian equity markets such as Singapore, India, Greater China, Korea and Japan and also on commodities, such as gold.

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