SGAM launches ETFs on FTSEurofirst

SGAM Alternative Investments, a subsidiary of Societe Generale group, has launched two new structured exchange-traded funds (ETFs) based on the FTSEurofirst 80 index.

The funds are quoted on the Structured Funds compartment of Euronext's NextTrack segment. According the SGAM, these two products are the first listed structured funds based on a eurozone equity index.

The index comprises 80 eurozone stocks, 60 of which are chosen on the basis of free float and the other 20 for sector representation. The products provide investors with active exposure to FTSEurofirst 80 and they combine the benefits of structured management with the transparency of continuously

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