Lyxor International Asset Management (Lyxor AM), a wholly owned subsidiary of Socit Gnrale, and Singapore Exchange Limited (SGX), 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
Lyxor ETF Nasdaq-100
“The new listings will take Singapore investors a step closer to conveniently realising investment opportunities offered by the globalmarkets while trading in the comfort and safety provided by SGX, says Joseph Ho, managing director & head of Exchange Traded Funds, Asia Pacific, Socit Gnrale.
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.
Our strategy of developing SGX into an Asian ETF hub is panning out very well. 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, says Andrew Ler, senior vice president & head of Private Investors at SGX.
L.D.