BNP PARIBAS ARBITRAGE, SA Profile
The BNP Paribas Arbitrage Société Anonyme is one of the many subsidiaries operating under the name of BNP Paribas. The company can trace its history back to the Banque National de Paris SA which was created out of the merger of two French Banks in 1966 and the Banque de Paris et des Pays-Bas SA, which was also created out of a merger between two investment banks in 1872. To form the current holding parent company the BNP Paribas Arbitrage operates under, the Banque National de Paris and Banque de Paris et des Pays-Bas combined in 2000 to create BNP Paribas. BNP Paribas Arbitrage operates through further subsidiaries that act less like independent companies and more like divisions such as the BNP Paribas Arbitrage Sa, Asset Management Arm, which invests in public equity markets. The company places its assets into a variety of investment sectors, focusing over one third of its total assets in the finance sector. The rest of its assets are allocated into the information technology sector, consumer discretionary sector, health care sector, energy sector, and a variety of smaller allocations such as materials, utilities and telecommunications, and transports, among others, listed in order of decreasing allocation amounts. The company currently has a market value of over $36 billion, a decrease from its $141 billion valuation just two years prior. BNP Paribas Arbitrage’s top holdings include its SPDR SANDP 500 ETF TR Unit, which it has placed over $4 billion into, Apple, iShares Russell 2000 ETF, Canadian National Railway Company, Bank of American Corp, Magna International, Select Sector SPDR in International Energy, and Google, listed in order of decreasing amount allocated. Some of the ETFs available under the BNP Paribas family of funds include the S&P 500 THEAM Easy UCITS ETF, Volatility Arbitrage US Easy UCITS ETF, and S&P GSCI Capped Component 35/20 THEAM Easy UCITS ETF. Some of the mutual funds include its Equity Fund, Overnight Fund, Government Securities Fund, and Income and Gold Fund.