- FTSE licenses Vanguard with flagship FTSE All-World, FTSE Emerging and FTSE 100 indices for new products
- Vanguard Managing Director opens trading in London
- Over 900 exchange traded products now listed on LSE
London Stock Exchange (LSE) today welcomes Vanguard Asset Management (Vanguard) as a new ETF issuer on its Main Market. Vanguard has listed five ETFs on LSE – its first such products in Europe. FTSE Group (“FTSE”) has licensed Vanguard with its flagship FTSE All-World, FTSE Emerging and FTSE 100 indices to support the products.
Vanguard is LSE’s 15th ETF issuer and today’s admissions bring the total number of London-listed exchange traded products to 933. The licensing of the indices also adds to FTSE’s expanding European ETF business, which accounts for 94 FTSE index-linked products 70 of which are listed on LSE.
To mark the debut Doug Webb, CFO at London Stock Exchange Group and Nick Teunon, Chief Financial Officer of FTSE Group, joined Thomas Rampulla, Managing Director at Vanguard Asset Management, to open trading in London this morning.
Pietro Poletto, Head of Exchange Traded Products at London Stock Exchange Group, said:
“The range of ETFs available to investors accessing our markets continues to grow. Today we are delighted to welcome one of the world’s leading asset management firms, Vanguard, as a new ETF issuer on our markets. We continue to be the leading European exchange for ETFs, and are committed to providing investors with an evermore liquid, competitive marketplace.”
Jonathan Horton, President North America, FTSE Group, said:
“We are delighted to partner with Vanguard on this important European launch and are pleased Vanguard has chosen FTSE for their first European ETFs.”
Tom Rampulla, Managing Director of Vanguard Asset Management Limited, said:
“ETFs are a natural extension of our ability to deliver high quality index products in formats that are increasingly demanded by clients. We are very pleased to have our initial line-up listed on the London Stock Exchange.
“As we bring Vanguard ETFs to Europe, we are pleased to work with global index providers like FTSE. Choosing the right index partners is an important part of providing high quality products."
- ends -
For further information, please contact:
London Stock Exchange Group:
Jonny Blostone Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
FTSE Group:
Annie Evangeli Press Office +44 (0)207 866 1821
Media@ftse.com
Notes to editors:
· There were 140,978 exchange traded product trades in London during April 2012, a 14 per cent increase on the same month last year.
· Today’s launch builds on FTSE’s long standing collaboration with Vanguard in the US, where the investment manager has already launched successful ETFs based on the FTSE All-World Index Series, and the FTSE High Dividend Yield Index.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages of over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,850 people.
Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com
About FTSE Group:
FTSE Group (FTSE) is a world-leader in the provision of global index and analytical solutions. FTSE calculates indices across a wide range of asset classes, on both a standard and custom basis. FTSE indices are used extensively by investors worldwide for investment analysis, performance measurement, asset allocation, portfolio hedging and the creation of a wide range of index derivatives, funds, Exchange Traded Funds (ETFs), and other structured products.
FTSE has built an enviable reputation for the reliability and accuracy of our indices and related data services. FTSE has a long tradition of listening and responding to the market so that it is at the forefront of developing new approaches to index design, many of which are now accepted as the market standard. FTSE prides itself in continuing to invest significant resource in researching and developing new index solutions.
The foundation for FTSE’s global, regional, country and sector indices is the FTSE global equity universe, which covers over 7,400 securities in 47 different countries and captures 98% of the world’s investable market capitalization. FTSE’s flagship global benchmark, the FTSE All-World, is used by investors worldwide to structure and benchmark their international equity portfolios.
Exchanges around the world have chosen FTSE to calculate their domestic indices. These include ATHEX, Bolsas y Mercados Españoles, Borsa Italiana, Bursa Malaysia, Casablanca SE, Cyprus Stock Exchange, IDX, JSE, LSE, NASDAQ Dubai, NYSE Euronext, PSE, SGX, Stock Exchange of Thailand and TWSE. In addition, FTSE works with a variety of companies and associations to deliver innovative index solutions which provide the market with fresh opportunities.
FTSE is an independent company owned by the London Stock Exchange Group.
For more information visit www.ftse.com
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