Lyxor debuts ETN that tracks gold spot price

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Lyxor Asset Management, a wholly owned subsidiary of Societe Generale (SG) has launched its first exchange-traded note (ETN), the Lyxor ETN Long Gold, which is listed on the London Stock Exchange (LSE). The note, launched on March 23, is designed to track in real time the performance of the gold spot price quoted in US dollars per troy ounce.

Lyxor ETNs are secured notes guaranteed by SG and 100% collateralised with Standard & Poor's AAAf-rated euro government bond funds or government bonds from

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