Lyxor launches three ETFs for emerging markets
Lyxor Asset Management has listed three ETFs indexed to emerging markets on NYSE EURONEXT Paris.
The funds aim to give investors simplified exposure to the performance of emerging markets excluding the BRIC countries, Emerging Markets OECD member countries, and Mexico.
LYXOR UCITS ETF MSCI EM BEYOND BRIC allows investors to access stocks from smaller scale and faster growing emerging countries, excluding the BRIC countries (Brazil, Russia, India and China) as they typically account for a significant percentage of emerging market indices but face specific issues such as slower growth, higer inflation or excessive reliance on the energy sector.
LYXOR UCITS ETF MSCI SELECT OECD EMERGING MARKET GDP is said to be the first ETF to track this index, which also excludes BRIC countries, and additionally concentrates on countries belonging to OECD (Organisation for Economic Co-operation and Development) only.
LYXOR UCITS ETF MSCI Mexico replicates the performance of Mexico’s large and mid cap stocks, free-float adjusted. The index consists of 25 stocks and covers approximately 85% of the market. Mexico currently offers significant growth potential as their economic cycle is highly correlated with the US Source SG Research, Dec 2013).
As of 31 Decemebr 2013, Lyxor Asset Management has ETFs indexed to a single emerging country for $3.9bn in assets under management.