More exchange-traded funds are set to enter the market as Lyxor Asset Management, the Société Générale subsidiary, and HSBC launch ETFs on the NYSE Euronext Paris and the London Stock Exchange.

Lyxor has launched two new ETFs listed on both the LSE and the NYSE Euronext Paris, one tracking the Markit iBoxx EUR Liquid High Yield 30 index and another the Markit iBoxx USD Liquid Emerging Markets Sovereigns index.

The funds aim to provide access to liquid euro-denominated corporate sub-investment grade bonds and liquid dollar-denominated emerging government debt, aiming to tap into what the firm views as a search by investors for yield in a low interest rate environment.

Meanwhile HSBC has launched the HSBC S&P BRIC 40 ETF in Europe, listed on the LSE in sterling and dollar trading currencies.

The index on which it is based is designed to offer exposure to the leading companies from Brazil, Russia, India and China, although the ETF may not take exposure to all securities within the original index.

HSBC had $7.5 billion in ETF assets under management globally at December 2010. Lyxor had €7 billion (around $9.6 billion) in assets under management at 20 January 2011.