New ETFs linked to four FTSE RAFI indices aiming to outperform conventional market –cap weighted indices Europe, Eurozone and Japan Lyxor FTSE RAFI ETFs are the first of their kind to list on the LSE…
Lyxor Asset Management (Lyxor), today announces the launch of four new ETFs giving access to the Fundamental Index® methodology – the leading alternative index methodology to traditional market cap weighted indices.
The new ETFs are linked to FTSE RAFI indices which cover the key areas of the US, Europe, the Eurozone and Japan, and seek to consistently outperform traditional market-weighted indices with lower levels of volatility.
The FTSE RAFI indices weight index constituents using four fundamental factors, rather than market capitalisation. These factors are dividends, cash flow, sales and book value. The Europe, Eurozone and Japan Lyxor RAFI ETFs are the first to be listed on the London Stock Exchange.
The following ETFs will commence trading [today]:
Lyxor ETF FTSE RAFI US 1000 (GBP) (Bloomberg code: LRAM LN);
Lyxor ETF FTSE RAFI Europe (GBP) (Bloomberg code: LREU LN);
Lyxor ETF FTSE RAFI Eurozone (GBP) (Bloomberg code: LRZZ LN)
Lyxor ETF FTSE RAFI Japan (GBP) (Bloomberg code: LRJP LN).
The details of the indices that Lyxor AM’s new ETFs will track are as follows:
Lyxor ETF FTSE RAFI US 1000
The FTSE RAFI US 1000 Index comprises the largest 1000 US-listed companies by fundamental value, selected from the constituents of the FTSE USA All Cap Index, part of the FTSE Global Equity Index Series (GEIS).
Lyxor ETF FTSE RAFI Europe
The FTSE RAFI Europe Index comprises of the European stocks represented amongst the constituents of the FTSE RAFI Global ex US 1000 Index, which in turn comprises the 1000 non US-listed companies with the largest fundamental value, selected from the constituents of the FTSE Developed ex US Index.
The Index covers the following markets: Austria, Belgium/Luxembourg, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK
Lyxor ETF FTSE RAFI Eurozone
The FTSE RAFI Eurozone Index comprises each Euro denominated country in the FTSE RAFI Developed ex US 1000 Index. The constituents within the FTSE RAFI Eurozone Index are derived from the following countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain.
Lyxor ETF FTSE RAFI Japan
The FTSE RAFI Japan Index comprises each Japanese stock in the FTSE RAFI Developed ex US 1000 Index.
Source:ETFWorld.co.uk – Lyxor