Bringing you live news and features since 2006 

NYSE Euronext says NextTrack is now European leader for ETF turnover

RELATED TOPICS​

NYSE Euronext has announced that NextTrack, Euronext’s dedicated product segment for trackers/exchange traded funds, is now the European leader in terms of order book turnover, according t

NYSE Euronext has announced that NextTrack, Euronext’s dedicated product segment for trackers/exchange traded funds, is now the European leader in terms of order book turnover, according to the Federation of European Securities Exchanges’s statistics and a Deutsche Bank study.

In 2007, a daily average turnover of EUR350m, an increase of 170 per cent year-on-year, was traded on NextTrack. The assets under management of the Euronext -listed ETFs amounted to EUR68.42bn at end December 2007 (+55 per cent year on year).

‘ETFs are attractive investment products for all types of investors as they are flexible, transparent and cost efficient,’ comments Pedro Fernandes, NYSE Euronext head of trackers and ETF development Europe.

 ‘They trade like a share and are accessible through financial intermediaries.  They are transparent since they are listed on a regulated market and replicate transparent indices. Finally, they are cost- efficient because in one transaction they allow investors to trade all components of the underlying index’.

Fernandes adds, ‘ETFs are quite economical: investors are not charged any entry or exit fees and the management fees are relatively low. They also give investors exposure to various types of assets and market conditions.’

Over the past three years, the number of ETFs traded on NextTrack has quintupled, rising from 53 in January 2005 to 265 today. The range of underlying assets has been rapidly extended as well, with funds now offering exposure to more than 185 different indices.

In April 2007, Euronext implemented a new classification for ETFs with 4 main segments, giving greater transparency to the Euronext ETF offer: equity-market ETFs, commodity-market ETFs, strategy-index ETFs and active ETFs.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by