Lyxor Asset Management, the third-largest ETF provider in Europe by assets under management, switched its real estate indexes to FTSE from MSCI, confirmed spokeswoman Valerie Lalonde.
Lyxor switched to the FTSE EPRA/NAREIT Global Real Estate Index Series indexes. The transition started in the beginning of the year.
The FTSE indexes were selected to “better match with client needs,” Ms. Lalonde said in an e-mail. “This index is the most widely used global benchmark for listed real estate, and it is endorsed by the leading real estate industry associations. These indices will support Lyxor's planned growth within the real estate ETF market.”
Lyxor has €52 million ($66.5 million) in AUM for real estate ETFs.