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Crédit Lyonnais launches SPDR exchange traded funds in Europe

Crédit Lyonnais Asset Management has launched two new exchange-traded funds (ETFs) on NextTrack, Euronext's dedicated ETF platform.

The funds are based on indices developed by ratings agency Standard & Poor's, and are branded Standard & Poor's Depository Receipts (SPDR), a brand which controls around 40% of the ETF market, S&P said.

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