Lyxor Asset Management has rolled out two new fixed income exchange-traded funds on the London Stock Exchange and NYSE Euronext Paris, Stock Market Wire reports. The new vehicles track the Markit iBoxx EUR Liquid High Yield 30 and the Markit iBoxx USD Liquid Emerging Markets Sovereigns indices.
The funds will offer access to liquid euro-denominated corporate sub-investment grade bonds and liquid U.S. dollar-denominated emerging government debt. Lyxor, a subsidiary of Société Générale, now provides a total of 23 fixed income ETFs in Europe with €7 billion in assets under management.
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