Lyxor to raise $500 million for agro fund

By Liz Mak | 31 March 2008
Keywords: lyxor
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Derek Ng at SG Securities insists that agricultural prices still have room to grow and that the firm's latest fund launch is not a ‘me too’ attempt.


SG Securities believes the recent agricultural boom is far from over. The firm is launching the Lyxor Agriculture Fund in Hong Kong with the aim of raising $500 million. The fund’s initial offer period will last until April 17. SG plans to launch in Singapore as well.

The Lyxor Agriculture Fund is 80% invested in the Dow Jones-AIG Agriculture Total Return Sub-Index, with another 20% exposed to the SGI Global Agriculture Index. Derek Ng, vice president for equity derivatives and structured products at SG Securities, explains the fund is intended to expand investor choice in ...
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