Lyxor AM has licensed the Dow Jones STOXX 600 Supersector Indexes and the Dow Jones Turkey Titans 20 Index to serve as underlying for ETFs.
This is the first time that ETFs based on these indexes are listed in France. The ETFs will be launched in two phases, with the first set of Lyxor ETFs based on the Dow Jones STOXX 600 Supersectors beginning to trade this week. The second set of Lyxor ETFs based on the Dow Jones STOXX 600 Supersectors and the ETF based on the Dow Jones Turkey Titans 20 will be listed on 29 August in Paris.
'European sector ETFs are the natural complement to our range of geographical and style equity ETFs. They will allow our clients to implement their sector allocation strategy in an efficient way. We chose the Dow Jones STOXX 600 Supersector indexes as they are the benchmark of a large part of our clientele,' commented Isabelle Bourcier, ETF Global Coordinator for Lyxor AM, a wholly owned subsidiary of Société Génerale.
'In addition, we will be listing on the 29th of August an ETF on the Dow Jones Turkey Titans 20. It will be the first ETF on the Turkish market listed outside its domestic country. This ETF complements our ever-growing emerging ETF range,' added Bourcier.
'Licensing the Dow Jones STOXX 600 Supersector Indexes confirms the growing interest in sector investment and STOXX's leading position in this area. It also offers a simple way to diversify portfolios,' said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes' business development in Europe, Asia, Africa and Middle East. 'Licensing the Dow Jones Turkey Titans 20 Index as underlying for an ETF gives European investors access to the performance of the Turkish market - an exciting emerging economy.