Lyxor keeps ETN momentum going with oil futures launch

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Lyxor has listed two exchange-traded notes (ETNs) on Euronext in Paris, which give investors the option of taking either a long or short position on WTI oil futures. Tracking the SGI Smart WTI Long Invest and its inverse counterpart, the ETNs listed in early April following the fund provider's first foray into ETNs on the London Stock Exchange (LSE) in March, when it listed a product linked to the gold spot price (see feature, page 10).

"Lyxor ETNs trade intraday just like our ETFs on the exchang

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