Middle East & North Africa - Lyxor launches Kuwait-focused ETF

Lyxor Asset Management and Gulf region financial institution Coast Investment and Development Company have launched a new exchange-traded fund focusing on Kuwait. The Lyxor ETF Kuwait is the first to focus on the Gulf region, offering the ability to access the Kuwait market through a single share traded on the London Stock Exchange, with an annual total expense ratio of 0.65%. The new ETF will be linked to the FTSE Coast Kuwait 40 index, which is representative of the Kuwaiti market. The index was established in February 2007 and is calculated by FTSE on behalf of Coast. Its constitue...