LSE sees “growing demand for ETPs” as seven issuers list funds in June

Jul 12th, 2018 | By | Category: ETF and Index News

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Seven issuers were active on London Stock Exchange in June, listing seventeen new ETFs or ETF share classes, bringing the total number of new listings (including ETPs) to 188 year-to-date.

Seven issuers list ETFs on LSE in June

Seven issuers were active listing ETFs on the LSE in June.

There are now 1,078 ETFs and 487 other ETPs listed on the exchange (as of June month end), represented by 1,591 and 579 trading lines respectively across different currency, currency-hedged and distributing or accumulating share classes.

Invesco launched two funds including a Saudi Arabia equity ETF and an Additional Tier 1 CoCo bond ETF.

The Invesco MSCI Saudi Arabia UCITS ETF (MSAU LN) offers exposure to the MSCI Saudi Arabia 20/35 Index, which is made up of 35 members representing more than 85% of the free float-adjusted market capitalisation in Saudi Arabia. The ETF has a fund all-in fee of 0.65% plus swap costs of 0.33%.

The Invesco AT1 Capital Bond UCITS ETF (AT1 LN) tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) Index which focuses on the US dollar-denominated AT1 bond market, the deepest and most liquid in which European banks issue AT1 bonds. The fund has a total expense ratio (TER) of 0.39%.

JP Morgan launched four ETFs, including two actively managed and two passively managed funds.

The JPMorgan GBP Ultra Short Income UCITS ETF (JGST LN) and JPMorgan EUR Ultra Short Income UCITS ETF (JEST LN) are active ETFs that provide diversified exposure to very short maturity bonds and debt instruments across investment-grade corporate bonds and government debt. The strategies take a conservative approach in order to mitigate volatility and limit duration exposure, with a duration target of less than one year. Each fund has a TER of 0.22%.

The JPMorgan BetaBuilders UK Gilts 1-5yr UCITS ETF (JG15 LN) and the JPMorgan BetaBuilders US Treasury Bond 1-3yr UCITS ETF (JU13 LN) track indices that provide exposure to shorter-dated UK Gilts and US Treasuries, respectively. Both of the new BetaBuilder ETFs have TERs of 0.10%.

Franklin Templeton launched two actively managed fixed income ETFs.

The Franklin Liberty Euro Short Maturity UCITS ETF (FLES LN) aims to provide income while maximising total returns by investing in the euro-denominated short-term fixed income market, while the Franklin Liberty USD Investment Grade Corporate Bond UCITS ETF (FRUC LN) aims to provide income while preserving capital through investing in US dollar-denominated corporate debt securities issued by US and foreign companies.

Lyxor cross-listed the Lyxor MSCI Malaysia UCITS ETF (MALU LN) which offers exposure to the large and mid-cap segments of the Malaysian market through the MSCI Malaysian Index. The fund has a TER of 0.65%.

Ossiam launched the Ossiam ESG Low Carbon Shiller Barclays CAPE US Sector UCITS ETF (5HED LN). The actively managed fund aims to deliver a risk/return profile similar to the existing Shiller Barclays CAPE US Sector Value Index, but with a significantly reduced carbon footprint and improved ESG profile. The index strategy, developed jointly by Barclays and Nobel Prize-winning economist Professor Robert Shiller, uses the cyclically adjusted price-to-earnings (CAPE) ratio as a valuation driver in a sector rotational strategy. The fund has a TER of 0.85%.

First Trust launched the First Trust Dow Jones Internet UCITS ETF (FDN LN), providing pure-play access to the thematic growth story of US-listed internet firms. FDN has a TER of 0.55%.

Meanwhile BlackRock launched six new share classes for iShares ETFs already trading on LSE.

Commenting, Lida Eslami, Head of London ETP Business Development, London Stock Exchange, said, “We continue to see growing demand for ETPs both in terms of issuance and volumes traded in the first half of the year. For example, we have seen a 15 per cent rise in the value of ETPs traded on London Stock Exchange in H1 compared to the same period last year, and this year welcomed a further 188 new ETPs.”

She added: “London Stock Exchange remains uniquely placed to support issuers and investors providing an extensive product offering and expertise.”

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