This highly innovative new product will be based on the Global EuroMTS index, a euro-denominated index measuring the performance of the entire eurozone government bond yield curve. The EuroMTS Index, formerly the CNO Etrix, is the only independent, real time Eurozone government bond index calculated using tradable prices and is comprised of the EuroMTS Global index and six maturity bands ranging from 1-3 years up to 15+ years.
The EuroMTS Global Master Unit, approved by the AMF (Financial Markets Authority), will provide investors with a simple way of diversifying their bond portfolios in a single transaction, while facilitating their investments in relation to direct purchases of government bonds or futures.
"We are confident that the advantages of the EuroMTS Index, including its unique price transparency and the tradability of the underlying bonds, when allied with Lyxorâs status in the European EFT market, will ensure the success of this product," said Scott Stark, CEO of MTSNext. "The EuroMTS Global Master Unit is the first of its kind, the first to track the eurozone government bond market, and so represents an important development in the European EFT industry."
Lyxor Asset Management, a fully owned subsidiary of SociÃ©tÃ© GÃ©nÃ©rale, is a major player in the rapidly developing European ETF industry with over â¬3 billion (more than 30% of total European ETF assets under management) in its Master Unit range. Its CAC40 Master Unit is the largest European ETF and is currently the most heavily traded ETF listed on Euronext.
Features of the EuroMTS Global Master Unit tracker
Legal form: Unit of the Multi Units France Sicav fund, governed by French law
AMF Classification: SICAV CoordonnÃ©e (coordinated Sicav)
Recommended investment period > 1 year
First quotation: 22nd January 2004
Market: Premier MarchÃ© of Euronext Paris
Benchmark index: EuroMTS Global
NAV at inception: 100 euros
Front/back-end load*: 0%
Management fees: 0.165% incl. VAT/year
Eligible for PEA equity savings plans: No
Eligible for SRD deferred settlement service: Yes
Mnemonic Code: MTX
ISIN Code: FR0010028860
Liquidity is ensured by: SG Corporate & Investment Banking CDC IXIS Capital Markets
EuroMTS Global Master Unit was approved by the AMF (Financial Markets Authority) on XX January 2004, under number XX-XXX. The prospectus approved by the AMF is available on request. *For traders.