Lyxor - 4 new ETFs on fundamental indices
Starting from september 4th 2007, 4 ETFs on RAFI indices
Aug 31 2007 - 17:47
Borsa Italiana welcomes 4 new ETFs issued by Lyxor International Asset Management S.A. on the open-end index funds segment of ETFplus market.
The investment target of Lyxor ETF FTSE Rafi Japan (quote A), Lyxor ETF FTSE Rafi Eurozone, Lyxor ETF FTSE Rafi Europe, Lyxor ETF FTSE Rafi US 1000 (quote A) is to mirror respectively the performance of FTSE Rafi Japan, FTSE Rafi Eurozone, FTSE Rafi Europe, FTSE Rafi US 1000 indices.
FTSE Rafi (Research Affiliates Fundamental Index) are indices composed by stocks from the relevant geographic area, which are selected by using four fundamental factors: sales, cash flow, book value, dividends. The weighting factor used in the index calculation is derived by dividing the RAFI fundamental value of each comany (calculated using the above mentioned factors) by its free-float adjusted market capitalisation.
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