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CASAM ETF increases its range to 65 products with the launch of 10 new equity ETFs
(05/10/09)

Paris, 5th October 2009 – Following the launch of 17 equity and bond ETFs in June, Crédit Agricole Structured Asset Management has again extended its equity ETF range by listing 10 new products on Euronext Paris:

·         3 « flagship » ETFs in Europ
One CASAM ETF, which replicates the FTSE 100, offers investors exposure to the flagship UK index.
Two ETFs tracking the Dow Jones STOXX 50® and the Dow Jones STOXX 600® indices offer exposure to the main European stocks in a single transaction.

·         3 new sector ETFs of which 2 are unprecedented
Two products, indexed on the MSCI World Energy and the MSCI World Financials indices, provide investors with unprecedented investment vehicles: they are the first ETFs tracking world sector indices to be listed in Europe. They offer global exposure to two flagship sectors: energy and finance.
In parallel, the third of these products replicates the MSCI Europe Materials Index and complements the European sector range.

·         1 REIT ETF
An ETF indexed on the Euronext IEIF REIT Europe provides investors with exposure to 25 European real estate stocks in a single transaction. With annual management fees at 0.35% maximum incl. taxes, this product enables investors to take advantage of a rise in the real estate sector and equity markets in a simple and liquid way.

·         3 short ETFs
To respond to investors’ needs for short selling, CASAM ETF is strengthening its offering in short ETFs with products replicating the ShortDAXÒ, the MSCI Europe Short Daily and the MSCI USA Short Daily strategy indices. 

The CASAM ETF range now comprises 65 products which, with management fees among the lowest on the market, are characterised by their competitive pricing.

Valérie Baudson, Managing Director of CASAM ETF states: “This launch confirms our desire to continually enhance our range and our capacity to provide innovative products. We are responding to investors demand while maintaining consistency with our low pricing policy.”

Thierry Ancona, Head of Sales, Continental Europe of CA Cheuvreux, comments, “The depth and quality of CASAM ETF combined with our competence in execution services, positions CA Cheuvreux as a key partner, capable of offering international institutional clients high performing solutions which are adapted to changing market conditions.”

Scott Ebner, Senior Vice President, Exchange Traded Products of NYSE Euronext, comments: “Investor demand for ETFs continues to strengthen in 2009, with NYSE Euronext welcoming 90 new ETF listings this year to bring the current total number of products to 432. The significant growth this year in the ETF products offered by CASAM, a leading European investment company specialising in structured investments, alternative managed accounts and ETFs, to include a wide range of investment exposures is further evidence of the increasing importance of the transparency and liquidity of exchange trading for investors.”

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
Tél: +33 1 49 27 11 33

M: Communications
Tim Draper
Tel: +44 (0)207 153 1267

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 2.0 billion (source: CASAM, at June 30th 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 600 funds representing a total of EUR 48.2 billion in assets (at June 30th, 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 fully-owned subsidiary of the group's corporate and investment bank Calyon. CA Cheuvreux proposes research (financial analysis, economics & strategy), sales and execution services to an international client base of institutional investors and corporate clients. CA Cheuvreux has 15* offices worldwide and its teams are active on 60 markets in Europe, the US and the Middle East. It is positioned as a benchmark player in execution services and proposes one of the most comprehensive product ranges on the market (comprising Sales Trading, Direct Market Access, Algorithmic Trading, Global Portfolio Trading, and CFDs).

CA Cheuvreux has one of the most extensive levels of coverage in Europe, encompassing 790 stocks. Its research is frequently rewarded for its quality and independence. Its value added is derived from an offer that combines local and sector expertise, broad stock coverage -- notably for small & mid caps -- and highly recognised extra-financial research.

CA Cheuvreux's offer also includes corporate brokerage services, mainly targeting European listed companies and private equity funds. This activity enjoys strong momentum, and the Corporate Brokerage team accompanies many public offers.

* Amsterdam, Athens, Frankfurt, Istanbul, London, Madrid, Milan, Paris, Stockholm, Vienna, Zurich, Dubai, New York, San Francisco, Tokyo

About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, NYSE Euronext, NYSE Amex and NYSE Alternext as well as NYSE Arca – represent nearly 40 percent of the world's equities trading, 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. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Techno

Provider : Euronext Paris
Attached document(s)
Press release(PDF, 58 Kb)