Lyxor Asset Management has launched four new European equity products, in an expansion of its range of exchange-traded funds (ETFs).
The new funds will join Lyxor's current offering on the London Stock Exchange (LSE) and will allow investors to choose their European exposure more precisely, targeting specific countries or regions to meet their requirements.
The products unveiled by the firm, which has US $111.6 billion (€83.4 billion) assets under management (AuM), are the Lyxor Ucits ETF FTSE Developed Europe ex UK, the Lyxor Ucits ETF CAC 40, the yxor Ucits ETF DAX and the Lyxor Ucits ETF FTSE MIB. The CAC 40 holds the greatest AuM at €3,141 million.
Three of the products will use physical replication to provide investors with exposure to some of Europe's key markets, while the FTSE MIB ETF will replicate its index on a synthetic basis.
Arnaud Llinas, global head of Lyxor ETFs, says: "The UK represents a key strategic market for Lyxor and we continue to see significant opportunities to expand our capabilities in the region.
"The launch of these products reflects our ongoing effort to grow our product range for the benefit of our clients and the continued demand from investors for exposure to key European markets."
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