Crédit Agricole Structured Asset Management, better known as CASAM, nearly doubled the number of exchange-traded funds it offers, listing 10 new products on Euronext Paris on 9 December. 

The launches include seven European sector funds, which marked CASAM's first entry into the sector market. Also included were a Netherlands country fund, which rounds out the company's country lineup in Europe, as well as a U.S. equity fund and a Japanese equity fund. The last two funds represent CASAM's first entry into ex-Europe country products.

The new funds, tickers and expense ratios are:

•          CASAM ETF MSCI Europe Banks (CB5 FP): 0,25%
•          CASAM ETF MSCI Europe Consumer Discretionary (CS5 FP): 0,25%
•          CASAM ETF MSCI Europe Healthcare (CH5 FP): 0,25%
•          CASAM ETF MSCI Europe Industrials (CIN FP): 0,25%
•          CASAM ETF MSCI Europe Insurance (CI5 FP): 0,25%
•          CASAM ETF MSCI Europe Utilities (CU5 FP): 0,25%
•          CASAM ETF MSCI Netherlands (CH1 FP): 0,25%
•          CASAM ETF MSCI Japan (CJ1 FP): 0,45%
•          CASAM ETF MSCI USA (CU2 FP): 0,28%

All of the funds are swaps-based, with Credit Agricole as the counterparty. The funds trade in euros.

The funds, like most CASAM ETFs, are in many ways the lowest cost funds to hit the market. In the sector market, for instance, the CASAM ETFs undercut the nearest competition by 5 basis points (0,05%). The nearest competitor are the db x-trackers ETFs, which track DJ STOXX 600 sector indexes and charge 0,30%. They are also the first sector ETFs in Europe based on the MSCI indexes.

The US fund goes head-to-head with the Lyxor MSCI USA fund (LYYB.FRA), which charges 0,35%. With an expense ratio of 0,28%, the CASAM fund is now the lowest cost US country fund in the market.