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Paris, 30th June 2009 – Following the launch of 36 ETFs since June 2008, the CASAM ETF range has added a new dimension with the issue of 17 new ETFs on Euronext Paris including:
· A range of government and corporate bond products
· A range of strategic equity leveraged and short products
· A range of world equity products.
Nine new fixed income ETFs
A series of government bond ETFs offers investors maturities ranging from three months to 15 years. These ETFs, indexed on the EuroMTS Eurozone Government Broad Indices, enable investors to take positions on the Eurozone bond yield curve. A CASAM ETF replicating the Markit iBoxx Euro Inflation Linked Index completes the range, providing protection against the risk of inflation.
Finally, an ETF indexed on the Markit iBoxx Euro Liquid Corporates Index responds to growing interest for Eurozone corporate bonds, offering investors a tool for portfolio diversification against a backdrop of volatile markets.
Five strategy products
CASAM ETF is providing a new range of leveraged ETFs which replicate twice the daily return of four indices in Europe and the United States (excluding leverage financing fees). These products provide investors with gearing into a potential market rebound.
CASAM ETF is also launching a product replicating the Dow Jones EURO STOXX 50® Short Index for taking reverse positions on an anticipated fall in the index.
Three world ETFs of which two are ground-breaking
Three ETFs indexed on MSCI World, MSCI World ex EMU and MSCI World ex Europe indices complete the product range, offering exposure to international equities. These are first-time issues offering European investors exposure to equities outside their domestic market in a single transaction.
The CASAM ETF range now comprises 53 products which, with management fees among the lowest on the market, are characterised by their competitive pricing.
Valérie Baudson, Managing Director of CASAM ETF comments “With the launch of these bond and equity leveraged products, we are offering a new dimension to the CASAM ETF range. CASAM ETF now comprises a genuine tool box comprising high quality products at low cost to suit investors regardless of their investment strategy.”
Thierry Ancona, Head of Sales, Continental Europe of CA Cheuvreux, states, "CA Cheuvreux is, more than ever, completely involved in the CASAM ETF project. Our dedicated sales team is met with more and more success among clients who are increasingly interested in these transparent and easily traded products.”
Scott Ebner, Senior Vice President, Exchange Traded Funds de NYSE Euronext, adds: “The expansion of the CASAM range of products is one of the most important developments in the European ETF market, which is expanding at an incredible rate with over 400 products now available on NYSE Euronext. This strong growth has been driven by numerous advantages, notably the transparency, flexibility, and liquidity, that ETFs offer to European investors and asset managers.”
As part of the CASAM ETF product range, these new products are distributed by a dedicated sales team of CA Cheuvreux and by the sales teams of Crédit Agricole Asset Management.
For more information, visit casametf.com.
Contacts
Crédit Agricole Structured Asset Management
Marie-Pascale Bonhomme
Managing Director, Client Services & Communication
Tel: +33 (0)1 43 23 82 82
NYSE Euronext (Paris)
Media Relations
Tel: +33 1 49 27 11 33
About Crédit Agricole Structured Asset Management (CASAM)
Crédit Agricole Structured Asset Management (CASAM) group is the specialised subsidiary representing Crédit Agricole Group’s expertise in structured products, alternative investment solutions and exchange traded funds (ETFs).
CASAM provides innovative structured solutions using the most appropriate underlying instrument, pay-off formula, wrapper and performance objective within the client’s regulatory environment and overall investment strategy. The CASAM group managed account platform, recognised for its high level of transparency, risk control and liquidity, allows the design of a variety of tailor-made investment vehicles based on alternative strategies. Crédit Agricole Group was one of the pioneers in the ETF market in 2001. Crédit Agricole Group ranks among the leading issuers in assets under management on the European ETF market with a total of around EUR 1.4 billion (source: CASAM, at March 31st 2009).
CASAM’s investment solutions are available to investors around the world through the sales networks of Calyon, Crédit Agricole CIB, CA Cheuvreux, and Crédit Agricole Asset Management. CASAM manages more than 500 funds representing a total of EUR 44.9 billion in assets (at March 31st, 2009) and holds leading market positions in structured funds in France, Japan and Italy.
About Crédit Agricole Cheuvreux
CA Cheuvreux is Crédit Agricole Group's European equity broker, and a subsidiary of the group's corporate and investment bank Calyon. CA Cheuvreux proposes research, sales and execution services to a client base that consists of the top 1,200 international institutional investors. Its research team of 115 analysts and economists covers nearly 800 stocks, in Europe and the Middle East, and was ranked No. 1 for Western European Country Research by US financial news magazine Institutional Investor in 2009. Its execution and sales trading services cover more than 60 markets worldwide, with a product offer that is one of the most complete on the market. CA Cheuvreux's offer also includes corporate brokerage, and retail brokerage for the individual clients of Crédit Agricole's Regional Bank network and the LCL network, as well as its on-line broker CPR Online. CA Cheuvreux has 15* offices worldwide, including recently established bases in Vienna and Istanbul.
*Amsterdam, Athens, Frankfurt, Istanbul, London, Madrid, Milan, Paris, Stockholm, Vienna, Zurich, Dubai, New York, San Francisco, Tokyo
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
Disclaimer
This document is of a commercial and not of a regulatory nature.
This non-binding document is provided by Crédit Agricole Structured Asset Management for information purposes only. The exactness, exhaustiveness or relevance of the information provided is not guaranteed even though the information was derived from sources that are reputed to be reliable.
In no circumstances will Crédit Agricole Structured Asset Management be held liable for the consequences, whether financial or other, of any decision made on the basis of information contained in this document. This document should not in any way be regarded as a recommendation, solicitation of an investment offer, or a purchase, sale or arbitrage offer of shares or units in the investment fund defined herein, nor should it in any case whatsoever be interpreted as such.
The purpose of this document is to provide investors with information that complements the description of the Fund contained in the full prospectus. This information is, by its very nature, not exhaustive and subject to change.
Additional information is available on request from Crédit Agricole Structured Asset Management.
Investors are reminded that past performance is not a guarantee of future returns. The potential return may also be reduced by the effect of commissions, fees or other charges (ex: taxes, brokerage commission or the other commissions taken by the financial intermediary).
The amount to be reasonably invested in the Fund depends on the investor's personal circumstances. To determine this, investors must take into account their personal wealth, personal assets, current and future needs, as well as their risk tolerance profile, whether this favours high or low-risk investments. It is also highly recommended that investments be diversified in order to avoid exposure solely to the risks of this Fund. Investors are advised to seek advice from their usual advisors (financial, legal, taxation) before purchasing any share units.
Disclaimer EuroMTS
EuroMTS Indices ™, the EuroMTS IndexTM Family and EuroMTS® are Trademarks of EuroMTS Limited. The EuroMTS Indices™ are calculated by EuroMTS Limited and marketed and distributed by MTSNext Limited. The Product is not sponsored, endorsed, sold or promoted by neither EuroMTS Limited nor MTSNext Limited, and neither shall be liable for any loss or damage whatsoever (including, without limitation, investment losses) arising wholly or partly in connection with the Product or the licence of the EuroMTS Indices™ to Credit Agricole Structured Asset Management SA.
Disclaimer IBoxx
Markit iBoxx indices ® are marks of International Index Company Limited and have been licensed for use by Crédit Agricole Structured Asset Management.
The Markit iBoxx Indices referenced herein are the property of International Index Company Limited and are used under license. The funds CASAM ETF (“the Funds”) are not sponsored, endorsed, or promoted by International Index Company Limited.
The Markit iBoxx Indices referenced herein are the property of International Index Company Limited (“Index Sponsor”) and has been licensed for use in connection with the Funds.
Each party acknowledges and agrees that the Funds are not sponsored, endorsed or promoted by the Index Sponsor. The Index Sponsor make no representation whatsoever, whether express or implied, and hereby expressly disclaim all warranties (including, without limitation, those of merchantability or fitness for a particular purpose or use), with respect to the Index or any data included therein or relating thereto, and in particular disclaim any warranty either as to the quality, accuracy and/or completeness of the Index or any data included therein, the results obtained from the use of the Index and/or the composition of the Index at any particular time on any particular date or otherwise and/or the creditworthiness of any entity, or the likelihood of the occurrence of a credit event or similar event (however defined) with respect to an obligation, in the Index at any particular time on any particular date or otherwise. The Index Sponsor shall not be liable (whether in negligence or otherwise) to the parties or any other person for any error in the Index, and the Index Sponsor is under no obligation to advise the parties or any person of any error therein.
The Index Sponsor makes no representation whatsoever, whether express or implied, as to the advisability of purchasing or selling the Funds, the ability of the Index to track relevant markets’ performances, or otherwise relating to the Index or any transaction or product with respect thereto, or of assuming any risks in connection therewith. The Index Sponsor has no obligation to take the needs of any party into consideration in determining, composing or calculating the Index. No party purchasing or selling the Funds shall have any liability to any party for any act or failure to act by the Index Sponsor in connection with the determination, adjustment, calculation or maintenance of the Index. Each party acknowledges that the other party or one of its affiliates may be, or may be affiliated with, the Index Sponsor and, as such, may be able to affect or influence the determination, adjustment or maintenance of the Index. The Index Sponsor and its affiliates may deal in any obligations that compose the Index, and may, where permitted, accept deposits from, make loans or otherwise extend credit to, and generally engage in any kind of commercial or investment banking or other business with the issuers of such obligations or their affiliates, and may act with respect to such business as if the Index did not exist, regardless of whether such action might adversely affect the Index or the Funds. The Index Sponsor and its affiliates may be in possession of information in relation to components of the Index that may or may not be publicly available or known to any other party, and each party purchasing or selling CASAM Funds agrees that CASAM ETF Funds does not create any obligation on the part of any Index Sponsor or its affiliates to disclose any such information.
Disclaimer CAC 40
Euronext Paris S.A. has all proprietary rights with respect to the CAC 40® Index. In no way Euronext Paris S.A. and any direct or indirect affiliates sponsor, endorse or are otherwise involved in the issue and offering of the product. Euronext Paris S.A. and any direct or indirect affiliates disclaim any liability to any party for any inaccuracy in the data on which the Index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the Index, or for the manner in which it is applied in connection with the issue and offering thereof.
Disclaimer STOXX
The Dow Jones EURO STOXX 50® Index and its related trademarks are proprietary to STOXX Limited and/or Dow Jones & Company, Inc. The Dow Jones EURO STOXX 50 Index and the related trademarks have been licensed for certain purposes by Crédit Agricole Structured Asset Management. The CASAM ETF Funds are not sponsored, sold, endorsed or promoted by STOXX Limited or Dow Jones & Company, Inc.
A complete description of the Dow Jones EURO STOXX 50 Short strategy index is available on request from Stoxx Ltd. “Dow Jones EURO STOXX 50® Short” is a registered trademark of STOXX Ltd. which is used to identify the index it calculates and publishes. STOXX Ltd. guarantees neither the value of the index at any given time nor the results or performance of products indexed against this index.
Disclaimer MSCI
The funds are nt sponsored, endorsed, sold or promoted by Morgan Stanley Capital International Inc. (“MSCI”), any of its affiliates, any of its information providers or any other third party involved in, or related to, compiling, computing or creating any MSCI index (collectively, the “MSCI parties”). The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Crédit Agricole Structured Asset management. None of the MSCI parties makes any representation or warranty, express or implied, to the issuer or owners of this fund or any other person or entity regarding the advisability of investing in funds generally or in this fund particularly or the ability of any MSCI index to track corresponding stock market performance.
A complete description of the MSCI indices are available on request from MSCI. “MSCI World” is a registered trademark of MSCI which is used to identify the index it calculates and publishes. MSCI guarantees neither the value of the index at any given time nor the results or performance of products indexed against this index.
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