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Lyxor launches new ETFs on EUR high yield and emerging market USD sovereign debt


Lyxor Asset Management, Société Générale’s wholly-owned Exchange Traded Funds provider, has expanded its Fixed Income range with two new ETFs listed on the London Stock Exchange (LSE) and NYSE Euronext Paris.

The new funds track the Markit iBoxx EUR Liquid High Yield 30 and the Markit iBoxx USD Liquid Emerging Markets Sovereigns indices and provide access to liquid EUR denominated corporate sub-investment grade bonds and liquid USD denominated emerging government debt. The High Yield ETF has a Total Expense Ratio (TER) of 0.45% p.a. whilst the Emerging Market Sovereign Bond ETF has a TER of 0.30% pa.

As investors increasingly search for yield in a low interest rate environment the new funds will offer efficient access to typically difficult to trade segments of the fixed income market. These new ETFs provide clients with the benefits of on exchange liquidity, pricing transparency and above average yields.

The new ETFs on the LSE and NYSE Euronext Paris will benefit from the participation of Société Générale Corporate & Investment Banking as a dedicated market maker for all four listings.

In the case of the Lyxor ETF iBoxx EUR Liquid High Yield 30 fund and the Lyxor ETF iBOXX USD Liquid Emerging Markets Sovereigns fund, Knight Capital Europe will be a dedicated liquidity provider at the funds’ launch.

Lyxor now offers a total of 23 Fixed Income ETFs in Europe with EUR7bn in assets under management (AUM) as of 20th January 2011. Lyxor is the 2nd largest ETF provider in Europe with AUM of EUR40billion and 21% market share.

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