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- Lyxor to list new ETF tracking new index
- New index composed of short term debt instruments – BOTs – issued by the Italian government
- Transparency of methodology and accuracy of index calculation meets highest industry standards
MTS, Europe’s premier facilitator for the European fixed income market, today announced that it has granted a licence to Lyxor to create ETFs based on its MTS Italy – Treasury BOT 6 Months Index.
The new index is composed of short term debt instruments – BOTs – issued by the Italian government, with minimum maturities of two months, leading to a targeted average duration of components of approximately six months.
Francois Millet, Product Line Manager - ETF & Index Funds at Lyxor said: “MTS Indices continue to develop benchmark tools for investors. We are pleased to launch a new ETF tracking the new MTS Italy – Treasury six months index, which will offer investors access to short-term debt instruments issued by the Italian government.”
Fabrizio Testa, Head of Product Development, MTS, said: “We are delighted that Lyxor has again chosen to create ETFs based on MTS Indices. By launching this index, MTS is responding to investors demand for tools allowing to run more granular analysis in terms of target duration. The transparency of the MTS methodology and the accuracy of the index calculation meet the highest industry standards.”
The LYXOR ETF BOT 6M is listed on Euronext from 19 December 2012 with a listing on Borsa Italiana to follow in early 2013.
The MTS Italy – Treasury BOT 6 Months Index will be published in real time, with two daily fixings, at 11:00 CET and 17:30 CET and it will be rebalanced weekly. All MTS Indices are calculated and published in real time. They are freely available on the website www.mtsindices.com and through major data vendors.
