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Press releases 2013


08/13
25 February 2013
Finex ETF launches on London Stock Exchange

-      Issuer debuts with Russian Corporate Bonds ETF
-      Confirms London Stock Exchange’s position as leading venue for emerging market and fixed income ETFs
-      FinEx Capital Management CEO opens trading on London markets

London Stock Exchange today welcomes FinEx ETF as a new issuer of Exchange Traded Funds (ETFs) on its Main Market. The company launched the first ever Russian corporate bond ETF to be listed in London.

To mark the launch, Simon Luhr, managing partner and CEO, FinEx Capital Management, joined Gillian Walmsley, Head of Fixed Income and Listed Products at London Stock Exchange to formally open trading on the London markets this morning.

Gillian Walmsley, Head of Fixed Income Products at London Stock Exchange, said:

“We’re delighted to welcome FinEx ETF to London as our 17th ETF issuer. Their new product highlights the combined appetite in London for innovation and investor appetite to access emerging markets and fixed income ETFs. Our market remains the pre-eminent European destination for ETF issuers and investors and we expect to see continued growth in 2013.”

There are over 1,000 Exchange Traded Products listed on London Stock Exchange including all of the top ten European ETPs ranked by 2012 inflows. London Stock Exchange is also the leading venue for fixed income and emerging market ETFs. The London market has the highest on-exchange turnover for fixed income ETFs of any market in Europe, and boasts more than 120 emerging market ETFs.

The FinEx ETF launch is part of a growing trend within the industry to access the Russian market. Russia was among the top five emerging markets in 2012 for absolute flows and total value traded on-exchange in Russia-only focussed ETFs was over £1bn last year in London.

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For further information, please contact:

Tom Gilbert                                       Press Office +44 (0)20 7797 1222

                                                          newsroom@londonstockexchange.com

                                                           

Notes to editors:

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 to 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 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 1,900 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.

 

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