Lyxor offers access to Indian and South African markets

Lyxor Asset Management has launched two new ETFs on the London Stock Exchange: the Lyxor ETF South Africa and the Lyxor ETF India.

The South Africa ETF tracks the performance of the FTSE/JSE Top 40 index which comprises the 40 largest stocks listed on the Johannesburg Stock Exchange (JSE). The ETF was listed on the XTF segment of Deutsche Börse’s trading platform Xetra last month.

The India ETF tracks the S&P CNX Nifty, an index for large companies on the National Stock Exchange of India. It is 50 stock index accounting for 22 sectors of the Indian economy. “There has been significant client demand for an easy way to access the Indian and South African markets with many investors frustrated with local share markets and fund managers having a hard time,” says Daniel Draper, head of Lyxor ETFs UK, Ireland and the Nordic region. “South Africa is seen as the gateway to the entire emerging market of Africa. Strong commodity trends and an abundance of natural resources make South Africa an attractive entry point into continent.”