| Lyxor Asset Management started four commodity exchange-traded funds tied to returns of the Standard & Poor’s GSCI Index of 24 raw materials.
The funds on the London Stock Exchange will invest in equities, not necessarily tied to commodities, and provide a total return of the S&P GSCI through a swap with Societe Generale, Lyxor’s parent company, said Nizam Hamid, deputy head of Lyxor ETFs in London. Lyxor has two other commodity-based ETFs tied to the CRB which started in 2006 and now have 1.2 billion euros ($1.52 billion) in assets, Hamid said...............................................Full Article: Source |