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Societe Generale Group To Be First In Europe To List An Exchange-Traded Fund Based on Dow Jones Industrial Average.
- Article from:
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Canadian Corporate News
- Article date:
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May 17, 2001
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Copyright informationCOPYRIGHT 2001 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS, FRANCE, MAY 17, 2001
Dow Jones Indexes has licensed Paris-based Lyxor Asset Management, a wholly-owned subsidiary of Societe Generale Group, to issue the first exchange-traded fund in Europe based on the Dow Jones Industrial Average. The exchange-traded fund will trade on Euronext. The fund will seek to track the stock performance of 30 of the biggest U.S. blue-chip companies. It will be the first time that European investors will be able to participate in an exchange-traded fund of this scope.
Isabelle Bourcier, responsible for the ETF marketing in Europe for Societe Generale Group's asset management, said: "Dow Jones Industrial Average Master Unit is our third ...
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