October became lucrative month for Lyxor Asset Management (Lyxor), Socit Gnrale’s wholly-owned subsidiary engaged in Exchange Traded Funds (ETFs).
The majority of new assets were placed in the major pan-European regional and single country equity benchmarks. Trading volumes of ETFs increased. Also were created new units.
In October, Lyxor ETF total volumes were 16,094 billion euros. Lyxor saw trading volumes reaching 11,063 billion euros and gross creations, a key indicator of ETF market activity on the OTC market, totalling 5,031 billion euros. Net creations, or sales, were 1,732 billion euros.
Lyxor holds a good reputation among investors with a 45% market share of Cash ETFs and 34.4% in Bond ETFs. The Lyxor ETF EuroCash became the first ETF in Europe to be awarded a notation by Standard & Poor’s (AAAf for credit quality and S1+ for low volatility) earlier this year. Overall Lyxor’s market share increased to 26% at the end of October with 24 billion euros in assets.
Lyxor’s European sector ETFs also increased hedge fund interest because of the investors’ wish to select index-tracking investments.
L.D.