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Lyxor Asset Management Starts Four More Commodity Exchange Funds
January 12, 2012
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Lyxor Asset Management launched four commodity exchange-traded funds on the London Stock Exchange that track the S&P’s GSCI Index of 24 raw materials, according to an article on Bloomberg. The funds—two bull and bear pairs—will provide a total return of the S&P GSCI through a swap with Societe Generale, Lyxor’s parent company, according to the Bloomberg report. Two of the new Lyxor funds are focused on livestock and agriculture with long and short versions, while the other two funds focus on industrial metals, and in a long or a short package, the article said. Head over to Bloomberg.com for additional details.
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