The Spanish stock exchange’s ETF segment comprises 31 funds. The number of trades on .…
this segment until the end of May exceeded 18,000, up 82% from the same period a year earlier.
The Spanish stock exchange will tomorrow start trading a new exchange-traded fund (ETF) called Lyxor ETF Euro Corporate Bond, issued by Lyxor Asset Management.
This ETF tracks the performance of the Markit iBoxx EUR Liquid Corporates, a total return index that includes 40 investment grade corporate bonds, of which 80% have an A credit rating or better and whose average issue value exceeds €2 billion.
The Spanish stock market’s ETF segment was created on 20 July 2006 and after the listing of the Lyxor ETF Euro Corporate Bond it currently comprises 31 exchange- traded funds.
In May the number of trades on this segment came in at 3,735, up 125% from the same month in 2008. The number of trades until the end of May exceeded 18,000, up 82% from the same period a year earlier. The effective trading volume posted by this segment in the first five months of 2009 was €1.03 bn.
Exchange traded funds (ETFs) are fund-share hybrid investment vehicles that combine the best of both worlds in a single stock exchange transaction: the diversification of a fund’s portfolio and the flexibility that share trading offers.
These instruments have opened up a wide range of investment opportunities for retail and institutional investors as they can gain exposure to different countries, sectors and asset classes with a single stock exchange transaction, in real time and at a lower cost than that of other investment vehicles.
Source:ETFWorld.co.uk -BME
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