ETF trading volumes on the ETF segment of Deutsche Borse have more than doubled in the last year. The German exchange group claims a 56 per cent market share for ETFs in Europe.
By the end of June, the total fund volume came to Euros 8.9 billion – a rise of 112 percent compared with June 2002 (Euros 4.2 billion). The funds listed in the XTF segment now make up 67 percent of the assets under management in European ETFs.
Trading activity in the XTF segment, measured in terms of the number of transactions, also increased substantially in the first half of the year. During the period from January to June 2003, some 330,000 transactions were executed in the XTF segment. This means that the number of transactions increased by 75 percent, year on year (January – June 2002: 189,000 transactions).
The number of ETFs in the XTF segment has of course grown as well. During the first half of 2003, nine ETFs and one actively managed fund were launched, including the first fixed-income-ETFs in Europe. At present, 68 ETFs and 23 actively managed funds are listed in the XTF segment.
Deutsche Borse claims that more than half of the ETF turnover in Europe is now generated in the XTF segment. Since the beginning of this year, the XTF segment has expanded its share of the European market from 45 percent to 56 percent. In June, 2.93 billion euros in turnover was traded in the XTF segment, bringing the total volume traded in the XTF segment during the first six months of 2003 to 18.3 billion euros.