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ETNs take off on London Stock Exchange


The London Stock Exchange has welcomed 28 new exchange-traded notes to its markets.

Société Générale has admitted 16 ETNs to trading while Barclays iPath has admitted 12.

The products offer real-time exposure to commodities and futures indices and join one existing ETN tracking gold, issued by Lyxor in March 2009.

Pietro Poletto, head of ETFs at London Stock Exchange Group, says: "Today’s listings create a strong base of instruments from a range of issuers for investors accessing the London markets. We look forward to leading further European growth in this product type in the coming months and years."

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