Lyxor Asset Management, a wholly-owned subsidiary of Société Générale, says it saw assets under management in its Lyxor ETF FTSE 100 product nearly double in
Lyxor Asset Management, a wholly-owned subsidiary of Société Générale, says it saw assets under management in its Lyxor ETF FTSE 100 product nearly double in December.
The fund’s assets rose by 84 per cent from GDP79,675,517 at the end of November to GDP146,518,227 by end-December.
The fund saw the highest level of net new creations at GDP80m, which was the highest figure for any ETF in Lyxor’s global range in December, signifying increasing interest among investors in UK equities.
Lyxor says the data provides further evidence of the trend seen throughout 2008 of investors being attracted to ETFs because of their cost efficiency, transparency, high liquidity and intra-day trading.
The Lyxor ETF FTSE 100 was launched in May 2007, along with the Lyxor ETF FTSE 250 and the Lyxor ETF FTSE All-Share, as the first products to be listed by Lyxor on the London Stock Exchange.
