Lyxor Asset Management, the division of French bank Société Générale that provides exchange traded funds, has unveiled two new ETFs investing in water and new energy. The Lyxor ETF New Energy is linked to the World Alternative Energy Index, a market cap-weighted benchmark comprising 20 stocks active in the alternative energy area, including renewable energy, energy efficiency and decentralised energy supply. The Lyxor ETF World Water is linked to the World Water Index, a cap-weighted index comprising 20 stocks active in three areas of water, infrastructure, treatment and utilities. “Demand has come primarily from institutional fund of fund managers, discretionary private clients, private banking, retail clients and even specific green funds,” said Daniel Draper, global head of ETFs for Lyxor. ETFs, which are listed like shares on the London Stock Exchange and Euronext in Paris, enable investors to get exposure to stock, bond, commodity, private equity and other markets without the shareholders having to own the underlying assets.