LSE reports strong listing activity in February

Mar 15th, 2019 | By | Category: ETF and Index News

Twenty four new ETF/ETPs or additional share classes were listed on the London Stock Exchange in February 2019.

LSE reports strong listing activity in February

As of the end of February 2019, there were 1,187 ETFs and 463 other ETPs listed on London Stock Exchange.

ETF providers introducing new products on the exchange during the month included UBS, Invesco, Vanguard, First Trust, BlackRock, Lyxor, WisdomTree, and Tabula.

February highlights

BlackRock launched the iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR LN) which provides exposure to developed and emerging market firms across the electric vehicle value chain including manufacturers, battery suppliers, and component producers. The fund is linked to the STOXX Global Electric Vehicles & Driving Technology Index and comes with a total expense ratio (TER) of 0.40%.

WisdomTree launched two roll-enhanced commodity ETPs, under its Boost brand, providing exposure to baskets of commodity futures from the industrial metals and energy sectors. They are the Boost Enhanced Industrial Metals ETC (META LN) and Boost Enhanced Energy ETC (BENE LN)

The products are linked to optimized-roll indices based on the S&P GSCI Dynamic Roll Indices. The indices aim to enhance the roll yield compared to traditional passive commodity products by adjusting the rolling strategy based on the shape of the futures curve for each underlying commodity.

First Trust launched the First Trust Cloud Computing UCITS ETF (FSKY LN), providing thematic exposure to companies that are actively involved in the cloud computing space. The fund is linked to the ISE Cloud Computing Index which also underlies a US-listed First Trust ETF that has accrued over $1.9 billion in assets under management since launching in 2011.

Tabula launched the Tabula European iTraxx Crossover Credit Short UCITS ETF (TECS LN), providing inverse exposure to European high-yield credit through direct access to the corporate credit default swap (CDS) market. The fund is linked to the iTraxx European Crossover Credit Short Index, an index developed by Tabula in partnership with IHS Markit, which provides short exposure to European high yield bonds without the direct interest rate risk inherent in traditional corporate bond indices.

There are now 1,187 ETFs and 463 other ETPs, represented by 1,728 and 556 trading lines, respectively, across different currency, currency-hedged and distributing or accumulating share classes.

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