February 2016 was record month of exchange traded fund (ETF) trading on the London Stock Exchange (LSE) with GBP6.8 billion value traded on the exchange’s order-book, a 4 per cent increase on on the previous all time record set in January 2015.
In addition, it was a very strong month for new listings, with 30 ETFs listed in February, comprising: 11 SPDR fixed income ETFs, providing exposure to US Treasury and European Government bonds; nine UBS ETFs – eight smart beta products, providing alternative factor exposure to US and European equity, and one fixed income ETF; four Vanguard fixed income ETFs tracking US and European corporate and government bond indexes; four Amundi equity based products including a product tracking the Russell 2000 and one providing exposure to Japan, a key space of growth for ETFs in the past year; and two Source equity based ETFs providing US exposure to both the financial services and the real estate sector of the US business industry.
A total of 37 ETFs/ETPs have been listed in 2016 so far, 11 more than for the same period last year – an increase of 42 per cent. January saw the listing of the first ETF to provide exposure to Israel and the Tel-Aviv 25 Index from iShares, as well as the world’s first Euro Stoxx High Dividend Low Volatility ETF from Invesco Powershares.
In total, there are now 893 ETFs and 395 ETPs listed on the London Stock Exchange.
Lida Eslami, Manager – Fixed Income, London Stock Exchange says: “London is the premier listing and trading venue for ETFs in Europe and we are delighted to see such a strong start to 2016. There has been exciting growth in secondary market trading on our markets and we expect appetite for these products to remain very strong.”