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Lyxor Asset Management, a wholly-owned subsidiary of Societe Generale, has introduced four new exchange traded funds targeting Korea, Hong Kong, Turkey and Eastern Europe.

These ETFs offer access to the emerging markets through shares traded on the London Stock Exchange. All four have total expense ratios between 0.5 and 0.65 per cent and are also available in USD. The Korea Index comprises 113 companies and grew by 30.80 per cent in 2007; The Hang Seng Index comprised of 43 companies and grew by 39.31 per cent in 2007; The Dow Jones Turkey Titans Index comprises 20 companies and grew by 72.42 per cent in 2007; and the CECE Extended EUR Index comprises blue chip stocks which are members of the CECE Composite Index and the SETX Index, traded on stock exchanges in Central, Eastern and South-Eastern Europe. The index grew by 13.55 per cent in 2007.