Lyxor launches gold ETN
Lyxor Asset Management, a wholly owned subsidiary of Société Générale (SG) has launched its first exchange-traded note (ETN), the Lyxor ETN Long Gold, which is listed on the London Stock Exchange (LSE). The note is designed to track, in real time, the performance of the gold spot price quoted in US dollars per troy ounce.
Lyxor ETNs are secured notes guaranteed by SG and 100% collateralised with Standard & Poor's AAAf-rated euro government bond funds or government bonds from the Euro zone. An SG special purpose vehicle in Luxembourg, Codeis, is used to collateralise the notes. The collateral is completely ring-fenced. The note, which is eligible for capital gains tax treatment in the UK, has a fixed annual fee of 0.30% while a variable annualised cost is also incurred to finance the collateral used in the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Exchange-traded products
Realising the China opportunity
Webinar: HKEX
One size does not fit all: Smart beta explained
Sponsored feature: WisdomTree Europe
ETF Risk European Rankings 2015: ETF trading platform for institutional investors
Sponsored feature: Tradeweb
ETFs – Transforming the investment landscape in Asia
Sponsored survey analysis: Deutsche Asset & Wealth Management
Flood of oil ETF investors reshaping market, analysts say
'Massive' inflows cushioned oil price drop in early 2015, but could easily reverse
Currency-hedged ETF surge prompts hedging concerns
Eurozone QE programme prompts wave of investor interest
Currency-hedged ETF inflows boom
Investor interest sparks race to construct new products
Shanghai ETF option volatility spikes on China market fears
A crackdown on margin financing strengthens bearish sentiment
Most read
- Breaking out of the cells: banks’ long goodbye to spreadsheets
- Too soon to say good riddance to banks’ public enemy number one
- Industry calls for major rethink of Basel III rules