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Lyxor AM to list five ETFs on SGX, expanding coverage beyond Asia


Lyxor International Asset Management (Lyxor AM), a wholly owned subsidiary of Société Générale, and Singapore Exchange Limited (SGX) today announce

Lyxor International Asset Management (Lyxor AM), a wholly owned subsidiary of Société Générale, and Singapore Exchange Limited (SGX) today announced that Lyxor AM will list five new exchange-traded funds (ETFs) on SGX on 12 May 2009. Four of these ETFs will cover indices that track markets outside Asia and the United States, for the first time on SGX.

The new ETFs are: Lyxor ETF Eastern Europe (CECE EUR); Lyxor ETF MSCI Emerging Markets; Lyxor ETF MSCI EM Latin America; Lyxor ETF MSCI World; and Lyxor ETF Nasdaq-100.

The new listings will take Singapore investors a step closer to conveniently realising investment opportunities offered by the global markets while trading in the comfort and safety provided by SGX,” says Joseph Ho, Managing Director & Head of Exchange Traded Funds, Asia Pacific, Société Générale. “While there are still disagreements over when and in what form or shape the recovery will come, a global range of ETF products providing easy access is likely to benefit investors, large and small alike. Recent strong performance in markets like Taiwan, Korea and China does illustrate the value of providing choices.

The 35 ETFs on SGX cover mainly Asian equity markets such as Singapore, India, Greater China, ASEAN, Korea and Japan as well as commodities, including gold.

“Our strategy of developing SGX into an Asian ETF hub is panning out very well,” adds Andrew Ler, Senior Vice President & Head of Private Investors at SGX.”We are pleased that global issuers like Lyxor have responded well to our comprehensive ETF issuer support programme, and continue to choose our market for more ETF listings. The listing of these five ETFs will bring our total ETF offering to 35 and extend our ETF portfolio coverage beyond Asia and the US to the rest of the world. Our next goal is to make SGX the Asian hub for investors to invest globally,”

Lyxor AM, which managed US$78 billion of assets as of end-March 2009, was also the world’s fourth largest ETF issuer , offering over 140 ETFs listed on major European and Asian exchanges. Lyxor AM, already the most prolific ETF issuer in Singapore, will boost its total ETF offering on SGX to 18 with this launch. The new additions will complement its already impressive Asia-and commodities-focused ETF line-up.

Lyxor ETFs are passively-managed index tracking funds combining the liquidity benefits of exchange-listed securities and the diversification advantages of traditional mutual funds, providing valuable portfolio building blocks.

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