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Number of ETFs offered on LSE market grows by a third

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The London Stock Exchange announced today that the total number of ETFs available on the Exchange has grown by one third.  Following the launch of 18 ETFs by Deutsche Bank the total n

The London Stock Exchange announced today that the total number of ETFs available on the Exchange has grown by one third.  Following the launch of 18 ETFs by Deutsche Bank the total number of ETFs available on the London Stock Exchange has risen to 76.  Deutsche Bank are the latest new issuer to join the UK’s expanding ETF market.

David Shrimpton, Head of Product Management and Development at the London Stock Exchange, says: ‘Deutsche Bank is the latest new issuer on our markets. This is great news for investors as it significantly increases the range of ETFs available on the London Stock Exchange. The arrival of such a large number of trackers in just one week highlights the appetite amongst issuers and investors for ETFs now that the stamp duty disadvantage has been removed’.

Garth Ritchie, European Head of Global Markets Equity at Deutsche Bank, says: ‘We are launching these 18 new db x-tracker ETFs because we see a great opportunity to grow the market for ETFs in the UK. Over the coming months we plan to provide UK investors with more innovation and choice with ETFs on through
strategies such as short indices and asset classes like bonds and commodities.’

The Exchange’s ETFs cover a range of UK and global equity and bond indices. As well as offering access to ETFs based on major country and regional indices the range includes ETFs based on company size, dividend yield and sector. The Exchange operates a multicurrency trading service for ETFs which gives investors the choice of buying ETFs in either the local currency or the base currency of the index.

Both ETF trading activity on the London Stock Exchange and the number of UK institutions holding ETFs continue to grow. The total value traded in ETFs on the London Stock Exchange during the first half of 2007 was GBP 15.6 billion, a 79 per cent increase on the value traded in the first six months of 2006 while the number of UK institutions using ETFs has grown by 58 per cent in the last 2 years.

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