ETF trading on LSE hits record £6.8bn in February


ETFs reported record trading volumes during February, with £6.8bn in total traded on the London Stock Exchange, the latest figures revealed.

This figure was up 4% on the previous record high on the London Stock Exchange, which was set during January 2015.

Meanwhile, 30 new ETFs were listed on the LSE during the month, making the total number of products listed during 2016 nearly 40. There are now almost 900 ETFs listed on the London Stock Exchange.

This is a 42% increase year-on-year and included the first ever ETF listed with exposure to Israel.

New vehicles in February included 15 fixed income ETFs from the likes of SPDR and Vanguard, eight smart beta products from UBS and six equity products from Amundi and Source.

Former OMGI chief Ide appointed head of ETF firm Source UK

Lida Eslami, manager of fixed income at the London Stock Exchange, said: “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.

[Source:- Investmentweek]