Lyxor ETF India (S&P CNX Nifty) offers investors a unique opportunity to gain instant exposure to Indian stock market through a well-established globally recognised index. The investment objective of the ETF is to achieve results that closely correspond to the performance of the S&P CNX Nifty index insofar as possible minimising the tracking error between the ETF performance and that of the Index
India is one of the fastest growing economies in Asia. The Indian economy had been growing at an average rate of 8.87% from 2004 to 2006. For 2007 and 2008, India is expected to grow by 8.9% and 8.4% respectively. A confluence of factors, including macro-economic, fiscal, demographic and geo-political, are fueling this unrelenting growth. On top of that, India has been one of the hottest foreign investment (“FDI”) destinations. India’s young population, rapidly growing domestic markets and its large highly educated talent pool are the main attractions. At the same time, India companies, which include some of the best run companies in the world, are expanding aggressively overseas. Despite common perception, the India market is one of the most diversified economies in the world. Information technology, financials, energy, consumption and industry are the top five industry sectors, representing over 80% of the total market capitalization fairy evenly. India's infrastructure has also been expanding at an accelerated pace to support the economic growth rate of over 9 per cent. According to a consultation paper circulated by the Planning Commission, a massive US$494 billion of investment is proposed for the Eleventh Plan Period (2007-12), which translates into around US$40 billion of additional annual investment. The rise in infrastructure investment is likely to create many investment opportunities and benefit the Indian economy in the long-run. In conclusion, India represents one of the most exciting investment opportunities among the world’s emerging economies.
Lyxor International Asset Management is a wholly-owned subsidiary of Societe Generale, belonging to the Corporate and Investment Banking arm of the Group. Lyxor AM offers the best in financial innovation and specializes in three businesses: structured alternative investments, structured funds, and index tracking for retail investors, institutional investors, management professionals and distribution networks for financial products.
Disclaimers:
A full description of the Lyxor ETF India (S&P CNX Nifty) ("the Lyxor ETF") is set out in the prospectus in respect thereof dated 13 March 2008 which may be amended from time to time (the "Prospectus") issued by Lyxor International Asset Management ("Lyxor"), the responsible person for the Lyxor ETF in Singapore. The Prospectuses are available from its Singapore representative, RBC Dexia Trust Services Singapore Limited (Registration Number 199504677Z). This document is published for information and general circulation only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Investors should note that (a) the value of Units and the income accruing to the Units, if any, may rise or fall, (b) Units maybe redeemed with Lyxor under certain specified conditions, and (c) the Lyxor ETF may use or invests in financial derivative instruments.
Potential investors should read the Prospectuses before deciding whether to invest in the Units, and should seek advice from a financial adviser regarding the suitability of the investment product or consider carefully whether the Lyxor ETF is suitable for him before investing. The listing of the Units does not guarantee a liquid market for the Units. The information contained herein is provided by Société Générale, the Singapore marketing representative of the Lyxor ETF. Any reference to Lyxor AM is a reference to the company solely in its capacity as the manager of the Lyxor ETF. Lyxor AM carries on fund management work outside Singapore and neither carries on business nor offers any services in Singapore. Please refer to the Prospectuses for disclaimers on the underlying indices.
Investors should note that information and performance of the respective indices should not be used or construed as the information or a proxy, prediction, forecast or projection of the performance or future performance of the Lyxor ETF.
The S&P CNX Nifty Index (Bloomberg Ticker: NIFTY <INDEX>), a.k.a. the “Nifty 50 Index” is owned and managed by India Index Services and Products Ltd. (“IISL”), which is co-owned by the National Stock Exchange (“NSE”) in India a joint venture of National Stock Exchange of India Limited (NSE) and CRISIL Ltd. IISL has a consulting and licensing and marketing agreement with Standard & Poor's (S&P), one of the world leaders in index services. The S&P CNX Nifty is a well-diversified 50 stock index accounting for 21 sectors of the Indian economy. As of the end of 2007, the 50 Nifty stocks accounted for approximately 43% of the traded value of all stocks on the NSE and approximately 54% of the total market capitalization which stood at US$893 billion. The Index features a quarterly rebalance. For more information on the S&P CNX Nifty Index, please visit the NSE website at: www.nseindia.com at the following URL:
http://www.nseindia.com/content/indices/ind_nifty.htm.
Disclaimer:
"“S&P®” and “Standard and Poor’s®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement
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