Press releases 2007
25 September 2007
London Stock Exchange, Tokyo Stock Exchange, Inc. and Lyxor Asset Management announce listing of Lyxor ETF Japan in London
London, Tokyo, September 25th September 2007 – Today the London Stock Exchange, the Tokyo Stock Exchange, Inc. and Lyxor Asset Management announced the listing of the Lyxor ETF Japan (TOPIX) on the London Stock Exchange, giving both institutional and private investors in London access to Japan’s most representative index, the TOPIX, for the first time. The launch comes as the two exchanges continue to make progress on their co-operation agreement, signed earlier this year.
Clara Furse, Chief Executive of the London Stock Exchange, said:
“The listing of this ETF based on the Japanese TOPIX index represents an important opportunity for UK investors to gain exposure to a broad range of Japanese securities listed on the Tokyo Stock Exchange. As our collaboration with the Tokyo Stock Exchange develops, we intend to offer investors in both countries further cross-market opportunities”.
Atsushi Saito, President & CEO of Tokyo Stock Exchange, Inc. commented:
“The TSE is delighted with the London Stock Exchange’s listing of an Exchange Traded Fund based on the TOPIX, a representative index of Japanese stocks. This ETF enhances convenience for UK investors by increasing the number of tools for investing in Japanese stocks at their disposal, and we expect that this listing will provide the impetus for a further enhancement of capital flows between Europe and Japan.”
The Lyxor ETF Japan is based on the Tokyo Stock Price index (TOPIX). The TOPIX is a market capitalisation–weighted index, comprising all the companies traded on the First Section of the Tokyo Stock Exchange. There are currently 1,718 (September 25 2007) companies in the index, including some of Japan’s largest companies. By offering exposure to such a large, diverse range of companies the index is a reliable indicator for developments on the Japanese stock market.
Commenting on the launch Daniel Draper, Head of ETFs for UK, Ireland and the Nordic Region at Lyxor Asset Management, said:
“Lyxor is thrilled to be the first to offer an LSE-listed ETF tracking the TOPIX. This latest addition to our product range will enable UK investors to access one of the world’s most important equity markets with ease, convenience and cost-efficiency.”
Notes to editors
About London Stock Exchange plc
The London Stock Exchange is the world’s premier international equity exchange and a leading provider of services that facilitate the raising of capital and the trading of shares.
The London Stock Exchange is the most international equities exchange in the world and Europe's largest pool of liquidity. By the end of 2006, the market capitalisation of UK and international companies on the London Stock Exchange’s markets amounted to £4.4 trillion, with £6.7 trillion of equity business transacted over the year.
The London Stock Exchange is a Recognised Investment Exchange (RIE) under the Financial Services and Markets Act 2000 and is supervised by the Financial Services Authority.
The Exchange’s markets now offer access to 83 ETFs. The Exchange’s ETFs cover a range of UK and global equity and bond indices. The total value traded in ETFs on the London Stock Exchange during the first half of 2007 was £15.6 billion, a 79 per cent increase on the value traded in the first six months of 2006.
For more information on the London Stock Exchange go to: www.londonstockexchange.com
About Tokyo Stock Exchange, Inc.
Tokyo Stock Exchange, Inc. (TSE) is one of the leading global exchanges and the largest securities market in the Asia-Pacific region. The TSE is best known for its massive equities market, valued at £ 2.2 trillion as of the end of August 2007 and it also boasts the largest market for Japanese securities derivatives such as TOPIX futures and TOPIX options. Beyond its dynamic market, TSE is home to the development and publishing of Japan’s most comprehensive family of indices. TOPIX (Tokyo Stock Price Index), the principal index consisting of all Japanese common stocks listed on the TSE First Section, is widely used as a benchmark for the Japanese stock market.
For more information on Tokyo Stock Exchange, Inc., go to
About Lyxor AM
Created in 1998, Lyxor AM currently manages EUR 70.9 billion. A wholly-owned subsidiary of Société Générale Group, belonging to the Corporate and Investment Banking arm of the group, the asset management company specializes in three businesses:
- Alternative Investments (EUR 26.8 billion). Lyxor AM offers a broad range of hedge funds, funds of hedge funds and absolute return funds, adhering to high risk-management standards and rigorous hedge fund manager selection guidelines. Lyxor AM gained its prominence with its hedge fund platform. This platform includes more than 170 hedge funds covering all principal strategies and represents a diversified investment universe benefiting from a high level of transparency, security and liquidity.
- Structured Management (EUR 21.5 billion). Lyxor AM offers investment solutions to its customers adapted to their risk profiles and return objectives. These solutions integrate the innovations of the Group into this domain, world number 1 as regards structured products on equity.
- Index Tracking (EUR 22.6 billion). Lyxor AM offers one of the most diversified and liquid range of ETF (Exchange Traded Funds). The company is one of the top players of the European ETF industry with more than EUR 17 billion under management. Lyxor ETFs are listed in Europe and Asia and reflect Equity, Bond and Commodity markets. www.lyxoretf.com.
Lyxor AM is regularly rewarded for the quality and the diversity of its platform: "Best Investment Platform" (Hedge Funds Review 2005), "Best Managed Account Platform" (Albourne Partners Ltd. 2004 and 2006) and “Institutional Manager of the Year” (Alternative Investment News 2007). Lyxor AM has also been awarded “Most Innovative ETF in Europe” for our product range, “Most recognisable ETF brand in Europe”, “Most informative ETF website in Europe” and “Most assets raised in Europe” for Lyxor ETF DJ Euro Stoxx50 (ETF Global Awards 2007)
Société Générale Corporate & Investment Banking has been awarded Equity Derivatives House of the Year by The Banker (Financial Times) 2004-2005-2006, IFR 2004-2005, Risk magazine 2005-2006, Structured Products 2005-2006, Global Finance 2005-2006, Asia Risk 2005, The Assets 2005.
For more information on Lyxor go to: www.Lyxor.com
For London Stock Exchange
+ 44 (0)20 7797 1222
For Tokyo Stock Exchange, Inc.
Masayuki Kato, Head of Index Group, Information Services
+81 (3) 3665 1893
For Lyxor AM.
Head of Lyxor ETF, UK, Ireland and Nordic region
+44 (0) 207 762 5581