First FTSEEurofirst 80 ETF Scheduled For Launch

June 11, 2003 ( - The first exchange traded fund (ETF) to track the FTSEEurofirst 80 index is scheduled to be launched in September by Société Générale subsidiary Lyxor Asset Management.

The ETF, which will be launched on the Euronext Stock Exchange, will be listed on NextTrack, the Euronext segment dedicated to ETFs and will enlarge the range of ETFs tradable onEuronext markets, with already 63 ETFs based on 55 different underlyingindices, according to a news release.

Subject to regulatory approvals, the date of the launch and the characteristics of the Lyxor tracker will be communicated later this year.