Crédit Agricole Structured Asset Management has launched another 11 exchange traded fund products on NYSE Euronext in Paris, increasing the total number to 35.
Crédit Agricole Structured Asset Management has launched another 11 exchange traded fund products on NYSE Euronext in Paris, increasing the total number to 35.
Casam says the ETFs are differentiated by positioning its management fees that are among the lowest on the market.
The latest round of launches offers access to different styles of index (growth, value, high dividend) and the first short ETF in the range, allowing investors to take short positions on the Cac 40 index.
The new products complete the European sector offering and broaden geographical coverage to emerging regions.
The Casam ETF range now allows investors to track major equity markets around the world (Europe, Asia, US) as well as the main European style indices and sectors.
Valérie Baudson, managing director, Casam ETF, says: ‘We launched 20 ETFs in the last quarter of 2008 which raised EUR730m. We are actively pursuing the development of the Casam ETF range and capitalising on our policy of competitive pricing’.
Scott Ebner, senior vice president, exchange traded funds, NYSE Euronext, adds: ‘We welcome these new products from Casam, which will enable investors to have exposure to a broad range of widely followed indices. The expansion of Casam’s ETF offering is an important contribution to continuing the strong growth of the ETF market in 2009’.
The Casam ETF product range is distributed by a dedicated sales team at CA Cheuvreux as well as through the sales network of Crédit Agricole Asset Management.
