The London Stock Exchange has welcomed five new ETFs from db x-trackers, the ETF provider of Deutsche Bank, the first new ETFs to be issued in London this year.
The new ETFs take the total number of ETFs on the London Stock Exchange to 187, including 75 launched during 2008, as the ETF market continues to grow despite difficult market conditions.
The new ETFs admitted to trading this week are: the MSCI AC ASIA EX JAPAN TRN INDEX ETF; the MSCI PACIFIC EX JAPAN TRN INDEX ETF; DJ STOXX 600 ETF; DJ EURO STOXX 50 ETF 1C and the CAC 40 SHORT ETF. The MSCI PACIFIC EX JAPAN TRN INDEX ETF and MSCI AC ASIA EX JAPAN TRN INDEX ETF will also have multi-currency lines allowing them to be traded in either sterling or US dollars.
The fact that the ETF market has continued to expand in terms of both the volumes traded and the range of products available, is testament to the flexibility of ETFs, says Pietro Poletto, head of ETF and Fixed Income Products, London Stock Exchange Group.
The new products include a short ETF, offering a simple way to go short on an index, and demonstrate that ETF providers are meeting investor demand for tools that equip them for all strategies and all market conditions.
L.D.