EasyETF GSNE and the EasyETF EPRA Eurozone

EasyETF is the brand name of an ETF joint-venture between AXA IM and BNP Paribas. The financial services providers have recently joint forces to offer exchange-traded index funds. Starting from 9th June Borsa Italiana welcomed the first 2 ETFs, targeted EasyETF, the EasyETF GSNE and the EasyETF EPRA Eurozone.

The EasyETF GSNE is based on GSNE index, a sub-index of the world-class Goldman Sachs Commodity Index -GSCI®- series consists of the non-energy constituents of the GSCI® index. Currently the GSNE index comprises 18 commodities from four main non energy sectors: agriculture, livestock, industrial metals and precious metals. With historically low correlation with bonds and equities, non-energy commodity is an asset class offering additional diversification possibilities in portfolio management.

The EasyETF EPRA Eurozone was the first European real estate ETF listed on Euronext's NextTrack® segment in December 2004 and has reached €340 million of AUM* at the end of May 2006. It offers an exposure to the listed real estate market with an innovative, transparent and liquid investment vehicle: the FTSE EPRA NAREIT Eurozone® index, which comprises 38 property stocks representative of the listed real estate sector in the Euro zone. This index was launched in May 2000, in response to growing demand from investors for a comprehensive property index. With this new listing on the Borsa Italiana the EasyETF Platform offers Italian investors access to listed real estate.

Main characteristics of the 2 ETFs:

EasyETF GSNE
Total Expense Ratio (TER): 0.50%
Benchmark Index: GSNE
ISIN Code: LU0230484932
Trading Code: GSNEEU
Multiple:  1/10 of the index
Currency: Euro
Specialist: Banca IMI S.p.A.

EasyETF EPRA Eurozone
Total Expense Ratio (TER): 0.50%
Benchmark Index: EPRA Eurozone
ISIN Code: LU0192223062
Trading Code: EEE
Multiple:  1/10 of the index
Currency: Euro
Specialist: Banca IMI S.p.A.

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