Lyxor to launch five sectoral ETFs in Singapore
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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