Was there any expectation? Well, there was some, not much; nevertheless, it is a reality that Amundi and Lyxor have introduced new ETF ranges in the realm of Europe.
In brief, French firm Amundi Asset Management has decided to introduce its 13 products on the NYSE Euronext Paris and among these, six ETFs will follow short bonds on the EuroMTS Eurozone Government Broad index, while four others will follow commodities via the S&P Light Energy, S&P GSCI Non Energy, S&P GSCI Metals and S&P GSCI Agriculture benchmarks.
What shall happen to the next ones? It has been learnt that among the remaining products two will pursue European equities based on the MSCI Europe index, and the last product of this new range will take over rallies in the emerging markets sector through the MSCI Brazil index.
It has to be stated that Amundi happens to be a new name for the organization formed by the merger between Société Générale Asset Management (SGAM) and Crédit Agricole Asset Management (CAAM) in October last year. The specialist asset manager, Lyxor Asset Management, in the meantime, has brought forth its first range of real estate ETFs on the NYSE Euronext exchanges in Europe.
The funds will consist of the Lyxor ETF MSCI Europe Real Estate, the World Real Estate, the USA Real Estate and the Asia ex Japan Real Estate. The indices will follow major global large and mid-cap companies engaged in industrial, commercial and residential property sectors.
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