Lyxor Asset Management, a subsidiary of Société Générale, launched its first ETF – linked to the CAC40 Index – on the Paris stock exchange back in January 2001. Ten years later, the firm’s exchange listed index funds have enjoyed considerable growth in France and Europe for both institutional and retail investor clients, with more than two million transactions and nearly EUR95 billion traded on NYSE Euronext in 2010, representing some 5.81% of total trades.
A leading player in the ETF industry since 2001, Lyxor AM targets the best investment opportunities matching its clients’ needs and has extended its ETF offering in all asset classes. In 2010, Lyxor AM was the first issuer to launch an ETF on European dividends as well as the first ETF in the S&P 500 index on the Paris Stock Exchange, and offers the widest range of ETFs on sector indexes. More recently, Lyxor AM launched two new ETFs on high-yield bonds and emerging market debt on NYSE Euronext and the London Stock Exchange.
Lyxor AM offers its clients special liquidity access, thanks to its open multi-broker/dealer model. This is based on a network of 45 Authorised Participants and guarantees the liquidity of funds while reducing trading costs. This model has helped Lyxor AM become the No1 ETF issuer in Europe in terms of liquidity, with a 36% market share in 2010.
Lyxor AM benefits from the market making expertise of Société Générale Corporate & Investment Banking for Lyxor ETFs in all the markets where they are quoted. In the case of ETF advisory and execution services, the bank is ranked No1 in the 2010 Extel and Risk Institutional Investor rankings, clearly demonstrating the quality of the services offered.
