The Spanish Stock Exchange today started the trading of the exchange-traded fund (ETF) LYXOR UCITS ETF IBEX® MID, issued by Lyxor Asset Management, the fund manager operated by the Société Générale Group.
This new addition is another step forward in the growing range of products linked to the IBEX® index family. Besides, it features exposure to the medium capitalisation stocks of the Spanish stock market, incorporating their net dividend yield.
The new ETF tracks the performance of the IBEX® MEDIUM CAP NET RETURN. This index comprises the 20 stocks of the Spanish stock market that track the IBEX 35 by stock market capitalisation adjusted for free-float and annualised rotation.
The trading volume on the ETF segment to the end of May reached €4 billion, up 225% from the same period last year.