4 August 2008
25/08
Nineteen New ETFs On London Stock Exchange In One Day
Busiest ever day for new ETF admissions
The London Stock Exchange today welcomed nineteen new Exchange Traded Funds (ETFs) onto its Main Market, the busiest ever day for new ETF admissions on the Exchange.
The new funds, which cover a range of equity and bond indices, take the total number of ETFs on the Exchange to 166, from five different issuers. In addition, the Exchange also now offers access to trading in 122 Exchange Traded Commodities (ETCs).
Following on from a record 2007, ETF trading on the London Stock Exchange has continued to show strong growth in the first half of this year, with the total value traded on the order book during the first six months of 2008 up 67% year on year to £7.3 billion. The total value traded in ETCs during the first half of the year was £5.3 billion, more than five times the total value traded in ETCs during 2007.
Pietro Poletto, Head of ETF and ETC Markets at London Stock Exchange Group, said:
“Demand for ETFs in the UK continues to grow, with both trading volumes and the range of ETFs available on our markets increasing steadily. So far in 2008 we have seen the four busiest ever days in ETF trading on our order books and listed a total of 59 new ETFs on our Main Market. The arrival of 19 new ETFs in just one day reflects the dynamism of the UK ETF market and means that these highly efficient instruments can now be used to execute an even broader range of investment strategies.”
The new ETFs launched today are:
For further information, please contact:
Catherine Mattison / Alastair Fairbrother
Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Notes to Editors
· About the London Stock Exchange Group
London Stock Exchange Group (ticker symbol: LSE) is Europe's leading diversified exchange business. It operates Europe's largest and most liquid equity market, holds the number one position in trading ETFs and securitised derivatives, and through its interest in MTS, is the leading platform for the trading of fixed income products.
The London Stock Exchange itself is the world's most international exchange with over 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last two calendar years, having attracted 202 international companies which raised nearly £30 billion between them. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises with close to 1,700 companies at the end of 2007.
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now includes CC&G and Monti Titoli, Europe’s most efficient providers of post-trade services; and MTS, Europe’s most successful market for government bonds.
· About ETFs:
ETFs are index tracking funds listed on the London Stock Exchange’s Main Market which provide broad exposure but can be traded in the same way as shares. Eligible for inclusion in ISAs, attracting no stamp duty and with minimal management fees, they offer a cost-effective and simple way to track global indices.
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