Exchange-traded note from Lyxor tracks spot gold

03/30/2009 | Investment Week

Lyxor Asset Management's Lyxor ETN Long Gold exchange-traded note, which is trading on the London Stock Exchange, follows spot gold in real time, reported in U.S. dollars per troy ounce. The secured notes are backed by a guarantee from Societe Generale and collateralized by investment-grade eurozone bonds to do away with counterparty risk.

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