etf & etp december update - london stock exchange … stock exchange group charts: deutsche bank...

ETF & ETP December Update

London Stock Exchange Group


Listings

• 16 new ETFs and 11 other ETPs were listed on London Stock Exchange in November 2016

• There are now 908 ETFs (available as 1,384 lines through multi-currency offerings) and 413

ETCs/ETNs (available as 473 lines) on our London market

Trading activity

• Total on-exchange value traded for ETFs in November 2016 was £38.3billion (324k trades), 2.2 times the

value traded in November 2015

• Total on-exchange value traded for other ETPs (ETCs and ETNs) in November 2016 was £6.0 billion (68k

trades), more than 5 times the value traded in November 2015

• London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and

Exchange Traded Commodities (ETC) trading in Europe

Market coverage

• 20 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book

• In addition, more than 150 member firms from over 20 countries are connected to the London Stock

Exchange's order book and have access to trade ETFs

Highlights


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Number of Trades

Turnover (millions)

• Total on-exchange value traded in November 2016 was £44.3 billion through 392k trades,

2.4 times the value traded in November 2015

• Total on-exchange value traded for 2016, year to date, is £351.4 billion through 3.4m

trades, up by 49.4% compared to the same period last year

London ETF/ETP Market Growth

London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review December 2016

Turnover figures are in million Euros

• London Stock Exchange ETF trading is the largest in Europe with 42% market share

Leading European Market: Turnover


• London Stock Exchange ETC market has the highest turnover with 6.8% market share in

on-exchange ETC trading

Charts: Deutsche Bank European Monthly ETF Market Review December 2016

Turnover figures are in million Euros

Leading European Market: Commodity Products

London Stock Exchange Group Note: Time weighted average spread uses best bid and best offer prices from the order book

Top 10 Traded Products – Orderbook

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) November 2016

TIDM ISIN Instrument Name Value traded Number of

trades Volume traded

Value traded %

of market

Number of

trades % of

market

Volume traded

% of market

Average trade

size

Time weighted

average spread

(bp)

VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £501,117,044 5,858 15,126,505 5.52% 2.54% 4.05% £85,544 4.7955

ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £436,566,389 12,395 64,531,243 4.81% 5.37% 17.27% £35,221 3.2374

CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £325,116,811 3,429 1,975,911 3.58% 1.49% 0.53% £94,814 3.3284

IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £287,131,153 5,285 3,266,338 3.16% 2.29% 0.87% £54,329 18.5081

IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £210,545,608 5,322 2,560,858 2.32% 2.31% 0.69% £39,561 19.5593

IWDA IE00B4L5Y983 ISHRS CORE MSCI WORLD ETF USD (ACC) £149,842,827 3,389 4,362,392 1.65% 1.47% 1.17% £44,214 7.0666

VUKE IE00B810Q511 VANGUARD FTSE 100 UCITS ETF £144,595,673 2,518 4,752,862 1.59% 1.09% 1.27% £57,425 5.0819

IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £137,259,067 3,112 1,504,995 1.51% 1.35% 0.40% £44,106 18.4388

IGLT IE00B1FZSB30 ISHRS CORE UK GILTS UCITS ETF GBP (DIST) £132,211,456 1,104 10,151,404 1.46% 0.48% 2.72% £119,757 11.1967

IDEM IE00B0M63177 ISHARES MSCI EM UCITS ETF USD (DIST) £123,116,335 2187 4,589,260 1.36% 0.95% 1.23% £56,295 6.0901

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) November 2016



Value traded %

of market

Number of

trades % of

market

Volume traded

% of market

Average trade

size

Time weighted

average spread

(bp)

PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £263,530,863 2,383 2,711,866 14.79% 5.98% 1.20% £110,588 4.6097

SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £256,810,566 3,518 2,619,573 14.41% 8.82% 1.16% £72,999 4.2516

GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £159,449,851 2,594 1,672,487 8.95% 6.51% 0.74% £61,469 4.0133

IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £120,191,902 1,791 6,092,706 6.74% 4.49% 2.69% £67,109 3.4819

CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £115,169,111 3,558 19,624,370 6.46% 8.92% 8.68% £32,369 14.2788

PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £58,890,984 597 601,516 3.30% 1.50% 0.27% £98,645 6.6563

SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £51,856,646 1,432 2,611,786 2.91% 3.59% 1.15% £36,213 5.2302

OILB GB00B0CTWC01 ETFS BRENT 1MTH £42,921,486 806 2,420,310 2.41% 2.02% 1.07% £53,252 27.5797

3OIL IE00B7ZQC614 BOOST WTI OIL 3X LEVERAGE DAILY ETP £34,511,008 2,287 50,726,278 1.94% 5.74% 22.42% £15,090 23.7769

SSLN IE00B4NCWG09 ISHARES PHYSICAL SILVER ETC £33,691,105 342 2,412,589 1.89% 0.86% 1.07% £98,512 13.0923

London Stock Exchange Group Note: Time weighted average spread uses best bid and best offer prices from the order book

*Includes non-order book trades reported to the London Stock Exchange “on-exchange”

Top 10 Traded Products – On-exchange*

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) November 2016



Value traded %

of market

Number of

trades % of

market

Volume traded

% of market

Average trade

size

Time weighted

average spread

(bp)

LQDE IE0032895942 ISHARES $ CORP.BOND UCITS ETF USD (DIST) £1,252,639,038 7,027 13,683,436 3.27% 2.17% 0.97% £178,261 19.7126

CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £1,201,725,560 3,999 7,340,779 3.14% 1.23% 0.52% £300,507 3.3284

IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £1,102,776,143 5,626 12,494,949 2.88% 1.73% 0.88% £196,014 18.5081

IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £1,023,391,789 3,395 11,175,196 2.67% 1.05% 0.79% £301,441 18.4388

ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £925,458,521 17,435 136,730,247 2.42% 5.38% 9.64% £53,081 3.2374

VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £875,159,108 6,329 26,417,997 2.29% 1.95% 1.86% £138,278 4.7955

IEAC IE00B3F81R35 ISHRS CORE EUR CORP BOND ETF EUR (DIST) £784,445,535 956 6,993,998 2.05% 0.29% 0.49% £820,550 12.9209

IEML IE00B5M4WH52 ISHRS EM LOCAL GOVT BOND ETF USD (DIST) £651,807,562 5,147 13,068,930 1.70% 1.59% 0.92% £126,638 43.9344

IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £624,676,956 5,810 7,596,236 1.63% 1.79% 0.54% £107,518 19.5593

IGLT IE00B1FZSB30 ISHRS CORE UK GILTS UCITS ETF GBP (DIST) £556,317,431 3569 42,579,971 1.45% 1.10% 3.00% £155,875 11.1967

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) November 2016



Value traded %

of market

Number of

trades % of

market

Volume traded

% of market

Average trade

size

Time weighted

average spread

(bp)

SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £1,107,042,646 3,948 11,250,829 18.41% 5.80% 1.80% £280,406 4.2516

PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £1,028,908,620 2,973 10,665,310 17.11% 4.37% 1.71% £346,084 4.6097

IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £486,213,798 2,038 24,216,821 8.08% 2.99% 3.88% £238,574 3.4819

PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £458,928,814 4,498 4,791,998 7.63% 6.61% 0.77% £102,030 6.6563

CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £386,837,345 4,212 64,846,504 6.43% 6.19% 10.40% £91,842 14.2788

GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £364,124,441 3,144 3,864,256 6.05% 4.62% 0.62% £115,816 4.0133

XGLD GB00B5840F36 DB PHYSICAL GOLD ETC £232,870,769 690 2,423,435 3.87% 1.01% 0.39% £337,494 14.7435

COPA GB00B15KXQ89 ETFS COPPER £161,698,626 1,051 8,399,038 2.69% 1.54% 1.35% £153,852 25.8994

SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £160,245,527 3,269 7,957,886 2.66% 4.80% 1.28% £49,020 5.2302

GBSP JE00B7VG2M16 ETFS GBP DAILY HEDGED PHYSICAL GOLD £141,011,652 263 17,864,478 2.34% 0.39% 2.86% £536,166 52.0282


• Average order book trade size for ETFs was £39k

• Average order book trade size for other ETPs was £45k

Trade Size Statistics – November 2016


New ETFs/ETPs listed – November 2016

TIDM Instrument Name ISIN Code First Trading Date Currency

CMCU UBS ETC (UBS BBG CMCI COMPOSITE IDX) USD CH0341732862 20161104 USD

USPG UBSETF S&P 500 GBP HD A-DIS IE00BD34DL14 20161108 GBX

DEMR WT EM EI UCITS ETF - ACC IE00BDF12W49 20161108 USD

EEIA WISDOMTREE EEI ETF - ACC IE00BDF16007 20161108 EUR

GGRW WT GLOBAL QD GROWTH UCITS ETF - USD IE00BZ56RN96 20161108 USD

EGRW WISDOMTREE EZ QD GROW UCITS ETF-EUR IE00BZ56SY76 20161108 EUR

DGRW WT US QD GROWTH UCITS ETF - USD IE00BZ56RD98 20161108 USD

HEDK WT EUROPE EQUITY UCITS ETF - USD H ACC IE00BYQCZP72 20161108 USD

DFEA WT SMCAP DIV - ACC IE00BDF16114 20161108 EUR

DHSA WT US EQ IN - ACC IE00BD6RZT93 20161108 USD

DHSG WISDOMTREE USE EFT - GBP HEDGED IE00BD6RZZ53 20161108 GBX

XMVU DBXT MSCI USA MINIMUM VOLATILITY IE00BDB7J586 20161115 USD

CRAU LYXOR THOMSON REUTERS CRB EX-AGRI LU1435770406 20161117 USD

SPME ISH S&P 500 MIN VOL ETF EUR HDGD ACC IE00BYX8XD24 20161122 EUR

GLDU UBS ETC (UBS BBG CMCI GOLD IDX) USD CH0346134395 20161123 USD

WWTU UBS ETC (UBS BBG CMCI WHEAT IDX) USD CH0346134403 20161123 USD

CMEU UBS ETC (UBS BBG CMCI COMPOSITE IDX) EUR CH0346134320 20161123 EUR

CMGB UBS ETC (UBS BBG CMCI COMPOSITE IDX) GBP CH0346134312 20161123 GBP

ENRU UBS ETC (UBS BBG CMCI ENERGY IDX) USD CH0346134338 20161123 USD

LIVU UBS ETC (UBS BBG CMCI LIVESTOCK IDX) USD CH0346134379 20161123 USD

AGRU UBS ETC (UBS BBG CMCI AGRI IDX) USD CH0346134346 20161123 USD

INMU UBS ETC (UBS BBG CMCI IND MET IDX) USD CH0346134353 20161123 USD

PRMU UBS ETC (UBS BBG CMCI PREC MTLS IDX) USD CH0346134361 20161123 USD

OILU UBS ETC (UBS BBG CMCI WTI CRUDE IDX) USD CH0346134387 20161123 USD

UBTP UBSETF BARC TIPS1-10 HD GBP A-ACC LU1459801947 20161125 GBX

UBTL UBSETF BARC TIPS 10+ USD A-DIS LU1459802754 20161125 GBX

UBTS UBSETF BARC TIPS1-10 USD A-DIS LU1459801434 20161125 GBX


14 15 17

45 52 51

155

136

179

99 108

166

122

30 26

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160

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17 13

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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

ETFs

ETPs

Number of new listings year on year

Product Growth


Product Ranking by Issuer

Issuer Number of ETFs Ranking

iShares 212 1

DB X-Trackers 138 2

Lyxor 105 3

SSGA SPDR 99 4

UBS ETF 90 5

Source 50 6

Amundi ETF 50 6

WisdomTree 32 8

HSBC ETFS 27 9

Vanguard 21 10

Invesco Powershares 19 11

ETF Securities 17 12

First Trust 11 13

Ossiam 10 14

BMO 9 15

Nomura 4 16

Commerzbank 3 17

Van Eck 3 17

Zyfin 3 17

Fundlogic 2 20

Finex 1 21

Fullgoal 1 21

ICBC Credit Suisse 1 21

Total 908

Issuer Number of Other ETPs Ranking

ETF Securities 238 1

UBS AG 77 2

Boost ETP 51 3

Société Générale 27 4

DB ETC 8 5

Barclays Bank 4 6

iShares 4 6

Source 4 6

Total 413

Monthly ETF Turnover by Issuer - November


Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded %

of market

Trades % of

market

Volume % of

market Ranking

ISHARES 24,496,875,610 195,786 912,085,484 64.02% 60.38% 64.33% 1

SOURCE 2,895,166,916 18,758 42,762,126 7.57% 5.78% 3.02% 2

SSGA SPDR 2,375,272,780 23,882 65,150,706 6.21% 7.36% 4.60% 3

VANGUARD 2,222,072,531 26,096 69,445,876 5.81% 8.05% 4.90% 4

DB X-TRACKERS 2,193,590,771 23,784 132,362,122 5.73% 7.33% 9.34% 5

LYXOR 2,075,508,972 10,159 35,600,188 5.42% 3.13% 2.51% 6

ETF SECURITIES 728,795,015 7,718 60,613,088 1.90% 2.38% 4.28% 7

HSBC ETFS 397,311,788 6,577 28,608,673 1.04% 2.03% 2.02% 8

AMUNDI ETF 255,510,371 1,016 44,938,695 0.67% 0.31% 3.17% 9

UBS ETF 242,514,102 3,116 9,782,956 0.63% 0.96% 0.69% 10

INVESCO POWERSHARES 148,444,128 1,949 5,860,027 0.39% 0.60% 0.41% 11

VAN ECK 82,893,828 1,788 4,042,720 0.22% 0.55% 0.29% 12

WISDOMTREE 46,754,868 1,516 3,886,852 0.12% 0.47% 0.27% 13

FIRST TRUST 33,777,794 673 1,724,461 0.09% 0.21% 0.12% 14

OSSIAM 24,603,862 214 118,881 0.06% 0.07% 0.01% 15

NOMURA 23,137,886 425 301,488 0.06% 0.13% 0.02% 16

BMO 11,520,785 338 231,556 0.03% 0.10% 0.02% 17

FUNDLOGIC 8,491,708 434 100,708 0.02% 0.13% 0.01% 18

FINEX 1,180,381 6 14,485 0.00% 0.00% 0.00% 19

ICBC CREDIT SUISSE 764,525 27 94,543 0.00% 0.01% 0.01% 20

ZYFIN 528,683 17 70,347 0.00% 0.01% 0.00% 21

Total 38,264,717,302 324,279 1,417,795,982


Monthly ETP Turnover by Issuer - November

Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of

market

Trades % of

market

Volume % of

market Ranking

ETF SECURITIES 3,516,904,829 40,493 417,333,057 58.48% 59.51% 66.91% 1

SOURCE PHYSICAL

MARKETS PLC 1,173,432,169 5,240 12,952,031 19.51% 7.70% 2.08% 2

ISHARES PHYSICAL

METALS PLC 693,586,175 6,118 35,559,734 11.53% 8.99% 5.70% 3

DB ETC 304,870,405 1,246 5,022,349 5.07% 1.83% 0.81% 4

BOOST ISSUER PUBLIC

LIMITED COMPANY 291,819,068 11,936 113,563,391 4.85% 17.54% 18.21% 5

SG ISSUER 28,250,339 2,795 35,440,629 0.47% 4.11% 5.68% 6

UBS AG 3,626,006 45 7,034 0.06% 0.07% 0.00% 7

BARCLAYS BANK PLC 1,557,186 175 3,866,609 0.03% 0.26% 0.62% 8

Total 6,014,046,178 68,048 623,744,834

Data: Deutsche Bank European Monthly ETF Market Review December 2016

• LSE has by far the highest on-exchange turnover for fixed income ETPs in Europe

with 60% market share

• There are 207 fixed income ETFs listed on the LSE

• 85% of the European top 20 fixed income ETFs by value traded are LSE listed

Deutsche Börse London Stock Exchange

Top 10 fixed income ETFs by monthly on-exchange turnover (€million)


Fixed Income ETFs – Product Range and Turnover


Exchange Traded Products

London Stock Exchange

10 Paternoster Square

London EC4M 7LS

Tel: +44 (0)20 7797 3921

[email protected]

Contact Details

etf & etp december update - london stock exchange … stock exchange group charts: deutsche bank...

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