Exchange-traded fund provider Lyxor is to replace index provider MSCI with FTSE for its global real estate products.
Lyxor will switch to the FTSE EPRA/Nareit Developed Global Real Estate indices for its global real estate ETFs.
It is the second win for FTSE Group from MSCI recently and follows MSCI’s proposed acquisition of real estate index provider IPD.
Lyxor head of business development for indexing Francois Millet says: “We have chosen to replace MSCI Real Estate index with FTSE EPRA/NAREIT because of its high standards of investability and transparency.
“Further, FTSE EPRA/NAREIT indices are the most widely used global benchmarks for listed real estate and are endorsed by the leading real estate industry associations.”
According to FTSE, its indices will support Lyxor’s planned growth within the real estate ETF market.