AROUND THE WORLD OF ETFS

September 01, 2006

Borsa Italiana Trades Commodity ETFs

The first ETF ever to track the venerable Reuters/Jefferies CRB launched onto the Italian Stock Exchange in June, with Ly xor as the sponsor. In related news, EasyETF debuted its own commodities ETF in Europe, with a new fund tracking an 18 compoment, non-energy subindex of the Goldman Sachs Commodity Index.

Stockholm To Trade Fundamental European ETF

Stockholm-based XACT Fonder AB signed a license agreement to use FTSE's new fundamentally weighted European Index as the basis of a new ETF. The ETF, which is awaiting approval by the Finansinspektionen (the Swedish Financial Supervisory Authority), will be the first to use a fundamental weighting scheme in the Nordic region.

Canadian ETF Trades In Mexico

As international interest in Canadian equities continues to surge, foreign investors are snapping up shares of Canada's natural resource companies. Capitalizing on the trend, BGI launched its Canadian-based iShares S&P/TSX 60 on the Mexican Bolsa.

The Russians Enter Paris

With Russian stocks trading up nearly 30 percent on the year, Lyxor AM launched a new Russian equities ETF onto the Paris Stock Exchange. The ETF tracks the Dow Jones RusIndex Titans 10 Index, a measure of the ten largest Russian stocks on the market. According to Dow Jones, the new ETF is the "first tradeable product focused on Russian equities." More than 50 percent of the index is currently tied to energy-related companies.

Smartshares Adds An ETF

Smartshares, the innovative ETF outfit in New Zealand that allows shareholders to buy ETFs without a commission, has acquired the rights to the Tortis Ozzy ETF, a fund linked to the large-cap Australian S&P/AST 20 Index. It is the fifth Smartshares ETF.

Jim Rogers Is Back... In Europe

ABN Amro became the newest company to enter the ETF market when it launched its first-ever ETF onto the Deutsche Borse's XTF trading platform. The new "Marke t Access Jim Rogers Commodity Index Fund" (ISIN: LU0249326488) is based on the commodities index created by the Wall Street investing legend of the same name. The index tracks a hugely diversified swathe of commodities ranging from crude oil to live cows, platinum and adzu-ki beans.

Lyxor Launches

In related news, Ly xor Asset Management launched an an al six ETFs onto the the Borse's XTF platform. The new products include five fix ETFs-four covering EuroMTS bonds (one- to three-year maturity, three- to five-year maturity ten- to 15-year maturity and the global index), one EuroM TS Linked ETF and one  ETF tracking the 16 European countries covered by the MSCI Europe Index.

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