The London Stock Exchange has reported a planned listing of fourteen new Exchange Traded Funds (ETFs) from iShares.
The new ETFs, which will be introduced in three tranches between the October 31 and the November 21, will nearly double the number of ETFs on offer on the exchange.
“With the value traded growing at more than 50% per year, ETFs are beginning to outgrow their reputation as the best-kept secret in the City,” said Martin Graham, director of Market Services at the London Stock Exchange. “The new products announced today represent a major expansion of the ability of ETFs to support different investment strategies, with the introduction of a specific sectoral play as well as income-orientated products. With more choice, and a fifty per cent reduction in spreads over the last year reducing trading costs, the ETF market is more attractive than ever.”
ETFs were launched on the London Stock Exchange in April 2000.