The first Exchange Traded Fund - Lyxor ETF WIG20 - started trading at the WSE today.
Lyxor ETF WIG20 opens a new category of WSE-listed instruments and expands investment possibilities available to market participants.
“We strive to provide investors with the broadest possible range of instruments allowing them to pursue diverse investment strategies. ETFs are a popular and frequently used financial instrument on foreign exchanges.” – Mr Sobolewski, WSE President and CEO, commented.
Lyxor ETF WIG20 tracks the performance of the WIG20. The instrument allows investors to “purchase” the WSE’s twenty largest and most liquid stocks with one simple order. The experience of foreign markets with ETFs has shown that narrow tracking errors, low costs and the possibility to buy and sell the instruments at any moment during the trading session fuels the interest of retail and institutional investors in Exchange Traded Funds.
The Lyxor ETF WIG20 is available in the continuous trading system and subject to the same trading rules as equities. The ticker for the instrument is ETFW20L. Two independent market makers are providing liquidity for the instrument: Societe Generale Corporate and Investment Banking and UniCredit Corporate and Investment Banking.