Following the launch of 17 equity and bond ETFs in June….
Crédit Agricole Structured Asset Management has again extended its equity ETF range by listing 10 new products on Euronext Paris:
· 3 « flagship » ETFs in Europ
One CASAM ETF, which replicates the FTSE 100, offers investors exposure to the flagship UK index.
Two ETFs tracking the Dow Jones STOXX 50® and the Dow Jones STOXX 600® indices offer exposure to the main European stocks in a single transaction.
· 3 new sector ETFs of which 2 are unprecedented
Two products, indexed on the MSCI World Energy and the MSCI World Financials indices, provide investors with unprecedented investment vehicles: they are the first ETFs tracking world sector indices to be listed in Europe. They offer global exposure to two flagship sectors: energy and finance.
In parallel, the third of these products replicates the MSCI Europe Materials Index and complements the European sector range.
· 1 REIT ETF
An ETF indexed on the Euronext IEIF REIT Europe provides investors with exposure to 25 European real estate stocks in a single transaction. With annual management fees at 0.35% maximum incl. taxes, this product enables investors to take advantage of a rise in the real estate sector and equity markets in a simple and liquid way.
· 3 short ETFs
To respond to investors’ needs for short selling, CASAM ETF is strengthening its offering in short ETFs with products replicating the ShortDAXÒ, the MSCI Europe Short Daily and the MSCI USA Short Daily strategy indices.
The CASAM ETF range now comprises 65 products which, with management fees among the lowest on the market, are characterised by their competitive pricing.
Valérie Baudson, Managing Director of CASAM ETF states: “This launch confirms our desire to continually enhance our range and our capacity to provide innovative products. We are responding to investors demand while maintaining consistency with our low pricing policy.”
Thierry Ancona, Head of Sales, Continental Europe of CA Cheuvreux, comments, “The depth and quality of CASAM ETF combined with our competence in execution services, positions CA Cheuvreux as a key partner, capable of offering international institutional clients high performing solutions which are adapted to changing market conditions.”
Scott Ebner, Senior Vice President, Exchange Traded Products of NYSE Euronext, comments: “Investor demand for ETFs continues to strengthen in 2009, with NYSE Euronext welcoming 90 new ETF listings this year to bring the current total number of products to 432. The significant growth this year in the ETF products offered by CASAM, a leading European investment company specialising in structured investments, alternative managed accounts and ETFs, to include a wide range of investment exposures is further evidence of the increasing importance of the transparency and liquidity of exchange trading for investors.”
As part of the CASAM ETF product range, these new products are distributed by a dedicated sales team of CA Cheuvreux and by the sales teams of Crédit Agricole Asset Management.
Source: ETFWorld – Euronext