The tracker will be listed on NextTrack, the Euronext segment dedicated to trackers, and will enlarge the range of ETFs tradable on Euronext markets, with already 63 ETFs based on 55 different underlying indices as of today. The NextTrack activity continues to show a significant growth, with a number of transactions on trackers up 107% year-to-date compared to a year before.
Lyxor Asset Management is a 100% subsidiary of Société Générale. Specialised in index tracking, alternative investment and structured asset management, Lyxor AM is among the two main players of the tracker industry in Europe with over €2 billion of assets under management. Its leading tracker CAC40 Master Unit is the biggest tracker in Europe based on assets under management and currently the most liquid tracker on Euronext segment NextTrack.
"Lyxor Asset Management is very pleased to launch a new tracker on the newly created FTSEurofirst 80 index. Private and professional investors will enjoy the flexibility of being exposed in a single transaction through the tracker to a new European index which combines high liquidity and wide market coverage. We thank Euronext and FTSE for expressing their confidence once again in Lyxor AM after the great success of the CAC40 Master Unit" said Isabelle Bourcier, ETF Global Coordinator for Lyxor AM Master Units.
George Möller, Chief Operating Officer in charge of Cash & Listing at Euronext, added "We welcome the initiative of Lyxor which has a leading position in Europe on trackers, and are very confident that the first tracker on FTSEurofirst 80 will be successful as it will offer investors an easy means of trading this simple and cost effective index, a superior solution for trading Europe".
Mark Makepeace, Chief Executive, FTSE Group said "The FTSEurofirst index series was designed to satisfy the requirements of today's investors. Lyxor has a proven track record of creating successful ETFs, it's great news that it has chosen to build a product on the FTSEurofirst 80 index".
The date of the launch and the caracteristics of the Lyxor tracker will be communicated later this year, subject to regulatory approvals.
