Lyxor to launch five sectoral ETFs in Singapore

Lyxor will cross-list five Asian equity sector-based ETFs in Singapore from February 28. These are believed to be the first Asian sectoral ETFs in the region

singapore sunrise

Lyxor, an asset management unit of Société Générale, has received regulatory approval to list five sectoral exchange-traded funds (ETFs) that track the MSCI Asia ex-Japan benchmark index, and comprise financials, IT, consumer stables, resources and energy and infrastructure in the Singapore market.

"This is a good new tool for asset managers - when they see trends on sectors, they can use these to implement the strategy," says Christine Huang, vice-president responsible for sales and marketing

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