The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Europe takes to ETFs


European Exchange traded funds are taking off - with more than e1 billion now invested. Crédit Lyonnais Asset Management and Barclays Global Investors each offer ETFs based on the S&P Europe 350, with funds respectively traded on Euronext and the American Stock Exchange. The S&P Europe 350 is the only index offering exposure to European markets that trades as an ETF in both the US and Europe. It consists of 350 large caps from 17 European markets. The stocks are chosen from a universe of publicly traded European companies, covering roughly 70% of the market cap of the broader European market. Futures and options on the index are traded on the Spanish Derivatives Exchange and the Chicago Mercantile Exchange.

Appetite

Mark Sinsheimer, executive vice president, Crédit Lyonnais AM, says there is an strong appetite for this sort of investing. "The success of the S&P Europe 350 Index demonstrates investors' preference for broad tradeable indices," he says.

At BGI, Lee Kranefuss, chief executive of its individual investor group, says the index gives investors coverage of European markets through a liquid basket of the most representative European companies. "The S&P Europe 350 is an excellent benchmark for European stock market performance and a way for investors to capture European equity exposure," he says.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree