Lyxor marks 10 years of ETFs in Paris
Lyxor Asset Management, a subsidiary of Société Générale, is marking 10 years’ involvement with exchange traded funds listed on the Paris Stock Exchange.
The firm issued the first ETF in Paris, indexed to the CAC40, in January 2001. Since then, it has extended its ETF offering in all asset classes. ETFs have enjoyed considerable support from both retail and institutional investors in France and across Europe.
More than two million transactions and nearly €95bn were traded on NYSE Euronext in 2010, representing 5.81% of total trades.
Last year, 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. It also offers a wide range of ETFs on sector indexes and recently launched two new ETFs on high-yield bonds and emerging market debt on NYSE Euronext and the London Stock Exchange.
Clients have special liquidity access via an 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. Lyxor said this model had made it the premier ETF issuer in Europe in terms of liquidity, with a 36% market share in 2010.