Lyxor launches the first ETF on the African continent

Starting from September 29th 2008, will be listed the "Lyxor ETF PAN AFRICA (Quote A)"

Sep 25 2008 - 14:32

Borsa Italiana welcomes "Lyxor ETF PAN AFRICA (Quote A)", the new ETF, issued by Lyxor International asset management, will be listed on the Open-end Index Funds - class 2 segment of ETFplus market. The investment target of the new ETF is to mirror the performance its benchmark index:

The SGI Pan Africa Index attempts to capture the performance of stocks listed in Africa or predominantly exploring African assets. The index is evenly exposed to three zones: South-Africa, Northern Africa including Morocco and Egypt and Sub-Sahara excluding South-Africa. SGI Pan Africa is calculated and published by Standard & Poor's and is composed by Societé Générale. The number of stocks is equal to 30, with the largest 10 eligible stocks selected as components in each zone, provided that at least 10 stocks can be selected from each zone. The largest constituents are capped at 10%.

Lyxor ETF PAN AFRICA (Quote A)
Total Expense Ratio: 0.85%
Dividends: the ETF can pay dividends, once a year in September
ISIN Code: FR0010636464
Trading Code: LAFRI
Specialist: Société Générale

Please download the relevant public notice: VISUALIZZA PDF