etf & etp march update - london stock exchange group stock... · march update london stock...

ETF & ETP March Update

London Stock Exchange Group

Highlights


Listings

• 14 new ETFs were listed on London Stock Exchange in February 2015

• There are now 775 ETFs (available as 1,178 lines through multi-currency offerings) and 359

ETCs/ETNs (available as 410 lines) on our London market

Trading activity

• Total on-exchange value traded for ETFs in February 2015 was £19.3 billion (210k trades), up by 80%

compared to last year

• Total on-exchange value traded for other ETPs (ETCs and ETNs) in February 2015 was £2.1 billion (51k

trades), up by 52% compared to last year

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

Exchange Traded Commodities (ETC) trading in Europe

Market coverage

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

• In addition, more than 400 brokers and member firms from over 20 countries are connected to the London

Stock Exchange's order book and have access to trade ETFs

-

4,000

8,000

12,000

16,000

20,000

24,000

-

50,000

100,000

150,000

200,000

250,000

Number of Trades

Turnover (millions)

London ETF market growth


• Total ETF/ETP on-exchange turnover for February 2015 was £21.5billion with 261k trades

Leading European market: Turnover


Source: Deutsche Bank Europe Monthly ETF Market Review- February 2015

Turnover figures are in million Euros

• London Stock Exchange ETF trading is the largest in Europe with 30.2% market

share in January 2015


Leading European market: Commodity Products

London Stock Exchange ETC market has the highest turnover market share in on-

exchange ETC trading

Source: Deutsche Bank Europe Monthly ETF Market Review- February 2015

Turnover figures are in million Euros

Top 10 Most Traded Products (order book)

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

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) February 2015

TIDM 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)

ISF 535,640,829 25,566 78,660,032 10.0% 17.4% 29.7% 20,951 2.7

VUSD 400,113,920 4,412 15,507,438 7.5% 3.0% 5.9% 90,688 5.4

CSPX 239,864,606 1,010 1,932,223 4.5% 0.7% 0.7% 237,490 5.2

IEMB 119,771,811 2,069 1,657,672 2.2% 1.4% 0.6% 57,889 20.3

VUKE 111,448,916 1,390 3,620,885 2.1% 0.9% 1.4% 80,179 9.2

S100 105,887,643 614 2,097,410 2.0% 0.4% 0.8% 172,455 6.5

IUSA 102,183,554 12,952 7,561,712 1.9% 8.8% 2.9% 7,889 4.0

LQDE 93,766,563 2,281 1,233,347 1.8% 1.6% 0.5% 41,108 17.5

VUSA 89,361,896 531 3,462,765 1.7% 0.4% 1.3% 168,290 6.5

IDUS 80,408,328 973 5,946,976 1.5% 0.7% 2.2% 82,640 4.3

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) February 2015





(£)


(bp)

PHAU 237,012,305 6,475 3,037,406 23.6% 18.0% 0.6% 36,604 3.7

CRUD 147,140,827 4,032 16,846,554 14.6% 11.2% 3.4% 36,493 32.5

SGLD 99,901,250 2,177 1,254,656 9.9% 6.1% 0.3% 45,889 3.6

GBS 96,931,826 4,844 1,252,094 9.6% 13.5% 0.3% 20,011 3.7

OILB 36,557,964 1,112 1,574,208 3.6% 3.1% 0.3% 32,876 73.9

SGBS 23,978,187 453 306,909 2.4% 1.3% 0.1% 52,932 14.1

AIGI 19,514,123 200 2,561,356 1.9% 0.6% 0.5% 97,571 20.5

LOIL 19,388,260 2,328 32,777,603 1.9% 6.5% 6.6% 8,328 59.8

SNGA 18,053,362 298 88,203 1.8% 0.8% 0.0% 60,582 24.1

AIGE 16,467,271 111 4,362,486 1.6% 0.3% 0.9% 148,354 32.3

Top 10 Most Traded Products (on-exchange*)

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 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) February 2015





(£)


(bp)

IHYG 2,483,087,146 1,995 31,003,147 12.8% 1.0% 4.0% 1,244,655 11.9

ISF 1,069,898,414 29,712 157,228,053 5.5% 14.2% 20.1% 36,009 2.7

VUSD 696,893,814 4,711 27,034,555 3.6% 2.2% 3.5% 147,929 5.4

IEMB 422,418,331 2,270 5,840,976 2.2% 1.1% 0.7% 186,087 20.3

VUSA 405,665,581 2,545 15,781,870 2.1% 1.2% 2.0% 159,397 6.5

CSPX 384,892,141 1,185 3,103,308 2.0% 0.6% 0.4% 324,803 5.2

LQDE 379,899,648 2,499 5,000,648 2.0% 1.2% 0.6% 152,021 17.5

IHYU 368,016,990 1,337 5,124,123 1.9% 0.6% 0.7% 275,256 21.4

EMBE 330,210,258 206 4,381,040 1.7% 0.1% 0.6% 1,602,962 59.1

SLXX 269,582,325 2,828 1,917,212 1.4% 1.3% 0.2% 95,326 9.7

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) February 2015





(£)


(bp)

PHAU 437,465,043 6,936 5,610,553 20.8% 13.6% 0.8% 63,072 3.7

CRUD 203,448,245 5,248 23,305,382 9.7% 10.3% 3.4% 38,767 32.5

GBS 182,710,506 5,185 2,366,872 8.7% 10.2% 0.3% 35,238 3.7

SGLD 164,800,394 2,244 2,077,494 7.9% 4.4% 0.3% 73,440 3.6

SGLN 143,456,971 696 8,942,245 6.8% 1.4% 1.3% 206,116 42.2

OILB 80,121,174 1,426 3,444,737 3.8% 2.8% 0.5% 56,186 73.9

IGLN 72,852,238 267 4,558,005 3.5% 0.5% 0.7% 272,855 12.6

AIGE 65,142,285 172 17,353,322 3.1% 0.3% 2.5% 378,734 32.3

COPA 53,678,498 243 3,099,666 2.6% 0.5% 0.5% 220,899 36.5

SGBS 42,835,777 531 543,600 2.0% 1.0% 0.1% 80,670 14.1

Trade Size Stats February

6 March 2015 London Stock Exchange Group

• Average order book trade size for ETFs was £36k

• Average order book trade size for other ETPs was £28k

New Products February


TIDM Instrument name ISIN Code First trading date Currency

CSHD LYXOR UCITS ETF EURO CASH FR0010510800 2015.02.27 USD

EUSV SPDR MSCI EUR SMCAP VALUE WEIGHTED ETF IE00BSPLC298 2015.02.20 GBP

EVAL SPDR MSCI EUROPE VALUE WEIGHTED ETF IE00BSPLC306 2015.02.20 GBP

USSC SPDR MSCI USA SMCAP VALUE WEIGHTED ETF IE00BSPLC413 2015.02.20 USD

USVL SPDR MSCI USA VALUE WEIGHTED ETF IE00BSPLC520 2015.02.20 USD

UVAL SPDR MSCI USA VALUE WEIGHTED ETF IE00BSPLC520 2015.02.20 GBP

UKMD OSSIAM ETF FTSE 100 MIN VAR 1D LU1093308333 2015.02.16 GBX

CAPE OSSIAM ETF SHILLER BARCLAYS CAPE EU-EUR LU1079842321 2015.02.16 EUR

GBX OSSIAM ETF SHILLER BARCLAYS CAPE EU-GBP LU1079842321 2015.02.16 GBX

UC89 UBSETF MSCI EMU HDG TO USD A-DIS LU0937835576 2015.02.13 USD

JPXU JPX NIKKEI 400 DAILY HEDGED FR0012329159 2015.02.12 USD

JPXX JPX NIKKEI 400 DAILY HEDGED FR0012329142 2015.02.12 GBX

MSEX EURO STOXX 50 MONTHLY HEDGED FR0012399772 2015.02.12 GBX

JPNY AMUNDI ETF JPX-NIKKEI 400 UCITS ETF JPY FR0012205623 2015.02.10 GBX

BACK ISHARES US EQUITY BUYBACK ACHIEVERS IE00BQT3VN15 2015.02.04 USD

BACS ISHARES US EQUITY BUYBACK ACHIEVERS IE00BQT3VN15 2015.02.04 GBX

IEBB ISHARES EURO CORPORATE BOND BBB-BB IE00BSKRK281 2015.02.04 EUR

ISBB ISHARES EURO CORPORATE BOND BBB-BB IE00BSKRK281 2015.02.04 GBX

Product Growth


14 15 17

45 52 51

155

136

179

99

88

26 30

26

67

26

160

19

34

17 13

0 0

20

40

60

80

100

120

140

160

180

200

200420052006200720082009201020112012201320142015

ETFs

ETPs

Number of new listings year on year

Products by Issuer

London Stock Exchange Group *Data as of 2nd March 2015

Issuer Number of ETFs Ranking iShares 187 1

DB X-Trackers 164 2 Lyxor 96 3

UBS ETF 70 4 SSGA SPDR 63 5 Amundi ETF 45 6

Source 42 7 HSBC ETFS 28 8

Invesco Powershares 16 9 Vanguard 13 10

ETF Securities 12 11 Ossiam 9 12 Pimco 7 12

RBS Market Access 6 13 WisdomTree 6 13

First Trust 4 14 Nomura 2 15 Ashmore 2 15

Finex 1 16 Fundlogic Alternatives 1 16

CSOP 1 16 Total 775

Issuer Number of Other ETPs Ranking ETF Securities 214 1

UBS AG 66 2 Boost ETP 39 3

DB ETC 18 4 Barclays Bank 13 6

iShares 4 7 Source 4 7

Codeis Securities 1 8 Total 359

Issuer Turnover (ETFs) February


Issuer Value traded (£) Trades Volume Value traded % of

market Trades % of

market Volume % of

market Ranking

iShares 12,990,854,741 132,339 494,902,533 67.2% 63.2% 63.4% 1

Vanguard 1,510,062,357 14,527 56,914,765 7.8% 6.9% 7.3% 2

DB X-Trackers 1,153,105,998 16,441 87,091,477 6.0% 7.9% 11.2% 3

SSGA SPDR 929,551,153 15,532 26,580,359 4.8% 7.4% 3.4% 4

Source 889,637,921 10,206 13,660,531 4.6% 4.9% 1.7% 5

Lyxor 637,602,492 3,043 29,377,246 3.3% 1.5% 3.8% 6

HSBC ETFS 482,482,008 7,148 34,420,402 2.5% 3.4% 4.4% 7

Pimco 231,086,610 1,535 3,410,286 1.2% 0.7% 0.4% 8

UBS ETF 209,065,912 2,458 8,398,936 1.1% 1.2% 1.1% 9

ETF Securities 129,545,925 3,071 10,972,562 0.7% 1.5% 1.4% 10

Amundi ETF 58,022,895 556 8,461,676 0.3% 0.3% 1.1% 11

WisdomTree 34,748,570 214 3,343,334 0.2% 0.1% 0.4% 12

Invesco Powershares 31,018,217 946 1,780,444 0.2% 0.5% 0.2% 13

Ossiam 10,741,086 436 91,396 0.1% 0.2% 0.0% 14

SOURCE CSOP 10,671,304 214 911,024 0.1% 0.1% 0.1% 15

Nomura 6,898,790 172 92,337 0.0% 0.1% 0.0% 16

First Trust 2,322,024 277 104,930 0.0% 0.1% 0.0% 17

RBS Market Access 2,295,336 71 125,722 0.0% 0.0% 0.0% 18

Finex 1,528,434 16 28,696 0.0% 0.0% 0.0% 19

Fundlogic 876,450 44 12,820 0.0% 0.0% 0.0% 20

Ashmore 105,361 5 1,740 0.0% 0.0% 0.0% 21

Total 19,322,223,586 209,251 780,683,216

Issuer Turnover (Other ETPs) February


Issuer Value traded (£) Trades Volume Value traded % of

market Trades % of

market Volume % of

market Ranking

ETF Securities 1,595,174,767 42,124 661,985,270 76.0% 82.6% 96.9% 1

iShares 218,628,786 1,163 13,694,590 10.4% 2.3% 2.0% 2

Source 187,566,283 2,629 2,454,796 8.9% 5.2% 0.4% 3

Boost ETP / WisdomTree 68,738,224 4,245 3,985,494 3.3% 8.3% 0.6% 4

DB ETC 24,668,228 707 500,629 1.2% 1.4% 0.1% 5

UBS AG 2,514,195 39 3,726 0.1% 0.1% 0.0% 6

Barclays Bank 454,314 72 432,240 0.0% 0.1% 0.1% 7

Codeis Securities 425,866 7 5,282 0.0% 0.0% 0.0% 8

Total 2,098,170,662 50,986 683,062,027

Fixed Income ETFs - product range and turnover

Table: Deutsche Bank European Monthly ETF Market Review February 2015

• With over 50% market share, LSE has by far the highest on-exchange turnover for

fixed income ETFs in Europe

• There are over 150 fixed income ETFs listed on the LSE

• 75% 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)



Leading European market: Net New Assets

Source: BlackRock ETP landscape (January 2015)

• 6 out of the top 10 European ETPs ranked by YTD inflows were London Stock

Exchange-listed

Contact details


Exchange Traded Products

London Stock Exchange

10 Paternoster Square

London EC4M 7LS

Tel: +44 (0)20 7797 3921

[email protected]

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