Press releases 2009
Exchange welcomes first new ETFs of 2009
The London Stock Exchange has welcomed five new ETFs from db x-trackers, the ETF provider of Deutsche Bank, the first new ETFs to be issued in London this year. The new ETFs take the total number of ETFs on the London Stock Exchange to 187, including 75 launched during 2008, as the ETF market continues to grow despite difficult market conditions.
Pietro Poletto Head of ETF and Fixed Income Products for the London Stock Exchange Group said;
“The fact that the ETF market has continued to expand in terms of both the volumes traded and the range of products available, is testament to the flexibility of ETFs. The new products include a ‘short’ ETF, offering a simple way to go short on an index, and demonstrate that ETF providers are meeting investor demand for tools that equip them for all strategies and all market conditions.”
The new ETFs admitted to trading this week are: the MSCI AC ASIA EX JAPAN TRN INDEX ETF®; the MSCI PACIFIC EX JAPAN TRN INDEX ETF®; DJ STOXX 600 ETF®; DJ EURO STOXX 50 ETF 1C® and the CAC 40 SHORT ETF®. The MSCI PACIFIC EX JAPAN TRN INDEX ETF® and MSCI AC ASIA EX JAPAN TRN INDEX ETF® will also have multi-currency lines allowing them to be traded in either sterling or US dollars.
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For further information, please contact:
db x-trackers hotline +44 (0)20 7547 1747
London Stock Exchange:
Jonny Blostone Press Office +44 (0)20 7797 1222
Notes to editors:
About db x-trackers – Deutsche Bank Exchange Traded Funds:
db x-trackers are Exchange Traded Funds (ETFs) – an index tracking solution of Deutsche Bank AG.
db x-trackers was launched in January 2007 and is currently the fastest growing ETF provider in Europe. Within 2 years over EUR 18 billion of assets under management have been raised, making db x-trackers one of the three biggest ETF providers in Europe.
With over 100 db x-trackers ETFs based on various asset classes including Equity, Fixed Income, Credit, Money Market, Currencies and Commodities investors are able to invest in a very transparent, flexible and efficient way. The range includes the largest range of ETFs on short indices covering equity, bonds and credit indices.
db x-trackers ETFs are listed on five different exchanges across Europe (Borsa Italiana, Frankfurt Xetra, Paris Euronext, London Stock Exchange and Zurich SIX Swiss Exchange) and are supported by multiple different market makers. Based on the latest November figures provided by Deutsche Börse db x-trackers ETFs had a market share of over 34% for exchange trading and OTC trading in Europe.
db x-trackers ETFs are domiciled in Luxembourg and comply with the UCITS III regulation.
With EUR 6 billion assets under management the db x-trackers II EONIA ETF is the biggest ETF in Europe. Within two years, db x-trackers fixed income ETF range has largest number of products available and most assets under management of any ETF provider in Europe.
The db x-trackers SHORT DAX® and DJ EURO STOXX50® Short ETFs were the best performing funds 2008 in Germany.
For more information visit www.dbxtrackers.com
About London Stock Exchange Group:
London Stock Exchange Group 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 nearly 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last three calendar years, having attracted 218 international companies which raised over £32 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 over 1500 companies at the end of 2008.
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis, and a comprehensive range of European bond trading services through MTS.