Lyxor AM To Launch Asia’s First Commodity Index ETF On

Lyxor Asset Management (“Lyxor AM”) and Singapore Exchange (“SGX”), today announced the listing of Lyxor ETF Commodities CRB¹ on Thursday, 18 January 2007.

Based on the world renowned Reuters/Jefferies CRB Index, the Lyxor Commodities ETF offers investors a convenient and efficient way to track the performance of the commodities market. For the first time in Asia, investors can access a basket of 19 commodities, covering energy, precious metals, industrial metals, agriculture and livestock, through one simple investment.

Developed by Reuters, the global information company, and Jefferies Financial Products, LLC, this Index has served as a global reference for commodities since 1957. As a benchmark, the Reuters/Jefferies CRB Index is designed to provide timely and accurate representation of a long-only, broadly diversified investment in commodities through a transparent and disciplined calculation methodology.

“We are very pleased that the Singapore Exchange is listing its first commodities Lyxor ETF based on the Reuters/Jefferies CRB Index. Lyxor Asset Management is committed to the development of ETF platforms and is the world’s leading provider of such diversified tools for investors to tap this global opportunity. The Reuters/Jefferies CRB Index has served as a leading global benchmark for commodity price movement and has accurately reflected broad trends in the commodity markets,” said Simon Wilson, Head of Commodities and Energy, Reuters Asia.

"Following the successful launch of our three Asian ETFs in Singapore, we are delighted to add this commodities ETF to our Asian platform. Consistent with our commitment to offer efficient investment tools for investors to manage their wealth, this innovative ETF enables investors to gain exposure to an important asset class that was previously difficult to access,” said Sandra Lee, Managing Director & Head of Retail, Marketing and Product Development at Societe Generale. “We continue to see strong demand for commodities as institutional and individual investors embrace them as a key element for portfolio optimisation.”

CRB – Commodity Research Bureau with Lyxor again, this time to introduce the first commodity index ETF in Asia and thus further broaden our ETF product suite. Following SGX's initiatives in the recently launched commodity exchange, JADE and in AsiaClear™, our over-the-counter clearing facility, the listing of the Lyxor ETF Commodities CRB signifies our continuing efforts to offer investors new avenues for exposure to the growing commodity markets."

The Lyxor ETF Commodities CRB provides investors investment diversification with one trade, instant liquidity, transparency of pricing throughout the day on an exchange, and low minimum investment amounts. In addition, it aims to provide investment results that closely correspond to the performance of Reuters/Jefferies CRB Index and to minimise the tracking error between the Lyxor ETF’s performance and that of the index.