Sale – Lyxor ETF India

Monday, 03 August, 2009 18:38 Written by Paul 0 Comments

Today we sold our holding of 100 shares of Lyxor ETF India (the fund that tracks the S&P CNX NIFTY Index – the nifty fifty – the leading index for large companies on the National Stock Exchange of India) for £5.88 a share for a total return £588.

Our original purchase of 100 shares was made on the 17th June 2009 for £5.6999 a share for a total outlay of £569.99. Our return before costs, a whopping 18 quid.

There’s been no change in our position on India – we’re still very bullish in the short term through the long but with some existing exposure in our portfolio to India through EROS International (our Indian film producer and distributor) we thought there were better opportunities to be had.

In a perfect world (one were we had unlimited cash for investing) we would have kept hold of our Lyxors but they’ll remain firmly on the Investor Trader Radar with a view to re-investing a little down the track.

Lyxor ETF India

Wednesday, 17 June, 2009 14:30 Written by Paul 0 Comments

Our Lyxor ETF India Trades

share

date

type

units

price (£)

value (£)

LNFT.L

2009-08-03

sale

100

5.8800

588.00

LNFT.L

2009-06-17

purchase

100

5.6999

569.99

A Little About Lyxor ETF India

ETFs are index-linked funds tradable in real time during market hours just like ordinary shares. The objective is simple: to replicate as closely as possible the performance of an index or of a selection of
stocks. The purpose of the Lyxor ETF India is to track the S&P CNX NIFTY Index.

The S&P CNX NIFTY is a weighted-average index tracking a portfolio of 50 blue chip companies, the largest and most liquid Indian stocks listed on the National Stock
Exchange of India Ltd. (NSE). The Index is computed using the market capitalisation-weighted method.

Online Resources for Lyxor ETF India

On the Radar – Lyxor ETF India

Wednesday, 17 June, 2009 11:35 Written by Paul 0 Comments

I’ve long been bullish on the Indian economy and have watched it’s emergence as a burgeoning economic power with genuine interest over the past decade.

Now, it’s time to put my money where my mouth is and what better way, than with an Exchange Traded Fund (ETF). Exchange Traded Funds are index-linked funds that are tradeable just like normal equities. Their aim, simple, to closely replicate an Index or selection of equities.

So I guess you can see where I’m going with this. The Lyxor ETF India does exactly what it says on the tin. The Index it is replicating? The S&P CNX NIFTY Index (the nifty fifty) is the leading index for large companies on the National Stock Exchange of India.

The beauty of investing in a country-based ETF? Well you get all the healthy goodness of good slice of a market that to most investors, is out of reach (or presents impracticalities). It’s handled by a Fund Manager (for a percantage of the fund) who usually has a pretty good handle on the market they specialise in and the entry and exit costs are minimal (your usual broker fees apply).

So now it’s a case of sitting back and letting the world’s second most populous nation get on with its economic thing.

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