LSE enjoys strong ETF listings activity in February

Mar 19th, 2018 | By | Category: ETF and Index News

ETF STRATEGY NEWS! ETF Strategy is delighted to announce the launch of ETF Strategy Hub (hub.etfstrategy.com), an on-demand repository of webcasts, videos, podcasts and white papers. Debuting with Special Series on Technology & Innovation in China and the Digital Economy.


Nineteen ETFs or share classes debuted on London Stock Exchange in February, bringing the total number of new ETF (inc share classes) listings on the exchange this year to 26.

Strong ETF listing activity recorded on LSE during February

Nineteen new ETFs were listed on London Stock Exchange during February 2018.

The total number of ETFs and ETPs listed on the exchange as of the end of February 2018 was 994 and 412 respectively, incorporating 1,480 and 504 trading lines across multi-currency and distributing/accumulating share classes.

ITI Funds, the ETF brand owned by emerging markets specialist Da Vinci Capital, debuted its first ETFs in Europe during the month with the launch of two Russia-focused ETFs.

The ITI Funds RTS Equity UCITS ETF (RUSE LN) tracks the RTS Index, composed of the 50 largest and most liquid Russian equity securities trading on the Moscow Exchange.

The ITI Funds Russia-focused USD Eurobond UCITS ETF (RUSB LN) tracks the ITI Funds Russia-focused USD Eurobond Index, calculated by Solactive, which is comprised of 22 Russian sovereign or corporate USD-denominated Eurobonds. RUSE and RUSB have total expense ratios (TERs) of 0.65% and 0.50% respectively.

JP Morgan entered the fixed income space in Europe, launching three funds. The three ETFs include the JP Morgan USD Emerging Markets Sovereign Bond UCITS ETF (JPMB LN), a smart beta take on US dollar-denominated emerging market bonds; the JP Morgan USD Ultra Short Income UCITS ETF (JPST LN), an actively managed ultra-short government and corporate bond product; and the JP Morgan EUR Government Bond 1-3 Year UCITS ETF (JE13 LN), a short-duration European government bond offering.

JPMB, JPST, and JE13 have TERs of 0.39%, 0.18%, and 0.10% respectively.

State Street Global Advisors introduced two currency-hedged share classes for the recently launched SPDR Barclays Global Aggregate UCITS ETF, which tracks the performance of the global investment grade, fixed-rate bond market. The new share classes provide currency-hedging relative to the US dollar or pounds sterling with each having the same TER of 0.10% as the unhedged version.

Deutsche Asset Management listed the Xtrackers USD High Yield Corporate Bond UCITS ETF (XUHY LN). The fund tracks the Bloomberg Barclays US High Yield Very Liquid Index, providing exposure to the most liquid bonds that meet specific maturity and credit rating requirements issued by US-listed financial, utility and industrial institutions. XUHY has a TER of 0.35%.

Meanwhile BlackRock launched distributing share classes for 11 of its existing iShares smart beta ETFs:
iShares USA Quality UCITS ETF (IUQD LN)
iShares USA Value UCITS ETF (IUVD LN)
iShares USA Momentum UCITS ETF (IUMD LN)
iShares USA Multifactor UCITS ETF (UFSD LN)
iShares S&P 500 Minimum Volatility UCITS ETF (SPMD LN)
iShares Europe Quality UCITS ETF (IEQD LN)
iShares Europe Value UCITS ETF (IEDL LN)
iShares Europe Momentum UCITS ETF (IEMD LN)
iShares Europe Multifactor UCITS ETF (IFSD LN)
iShares Europe Minimum Volatility UCITS ETF (MVED LN)
iShares World Value ETF (IWVU LN)

Total on-exchange value traded for ETFs and other ETPs in February 2018 was £26.8bn, down by 1% compared to February 2017, while total on-exchange value traded for ETFs and other ETPs YTD was £60.1bn, up by 13% compared to the same period in 2017.

Tags: , , , , , , , , ,

Leave a Comment