Lyxor launches ETF on DJ Buy Write Index

Lyxor has launched an exchange traded fund (ETF) linked to the Dow Jones Euro Stoxx 50 Buy Write Index. The Lyxor ETF Euro Stoxx 50 Buy Write, which has commenced trading on the Paris Stock Exchange, is the first ETF based on the Dow Jones index.

The Dow Jones Euro Stoxx 50 Buy Write Index aims to enhance returns in bear and sideward markets. “Since inception, the Dow Jones Euro Stoxx 50 Buy Write Index has outperformed the Dow Jones Euro Stoxx 50 Index by 6.5% each year” says Frankfurt-based Lars Hamich, managing director of Stoxx.

Lyxor is a wholly owned subsidiary of French investment bank SG CIB.