Presentation is loading. Please wait.

Presentation is loading. Please wait.

ETF and ETC market Pietro Poletto Head of ETFs London Stock Exchange Group.

Published byAlicia O’Neal’ Modified over 8 years ago

Similar presentations

Presentation on theme: "ETF and ETC market Pietro Poletto Head of ETFs London Stock Exchange Group."— Presentation transcript:

1 ETF and ETC market Pietro Poletto Head of ETFs London Stock Exchange Group

2 2 Content ETFs & ETCs International Comparison Emerging markets ETFs: focus on Russian and Eastern Europe ETFs

3 3 Number of ETFs/ETCs listed on LSE Total 259 ETC ETF Data Source: London Stock Exchange

4 4 ETFplus market: segments and classes of products MTF - - - OICR Indicizzati Standard ETFs ETFplus Structured ETFs ETCs Indexed UCITS  Class 1 (Bond Indices)  Government Bonds  Corporate Bonds  Monetary  Class 2 (Equity Indices)  Equity Italy - Europe  Equity USA  Equity Emerging Markets  Equity Sectors  Style  Real Estate - Private Equity  Fundamentals Structured UCITS  Class 1 (without leverage)  Buywrite – Covered Call  Short  Class 2 (with leverage)  Leveraged Long  Leveraged Short Exchange-traded Commodities  Index Commodities  Cattle  Energy  Industrial Metals  Precious Metals  Agricultural Products

5 5 5 Data source: Borsa Italiana S.p.A. ETC ETF STR ETF Total 289 Number of ETFs/ETCs listed on ETFplus ETF e ETC admitted to listing since September 2002 - as of March 31st 2008 Data Source: Borsa Italiana S.p.A.

6 6 63 41 20 5 7 36 ETFs and ETCs Issuer Breakdown (by Parent Company) - LSE ETF iShares – BGI59 ETF Lyxor - Société Générale29 ETF db x-trackers - Deutsche Bank29 ETF PowerShares – Invesco (November 2007) 13 ETF SPA ETF (January 2008) 6 ETF ETC Gold Bullion Securities 1 ETC ETF Securities 122 ETC Data Source: London Stock Exchange

7 7 63 41 20 5 7 36 ETFs and ETCs Issuer Breakdown (by Parent Company) - ETFplus ETF iShares – BGI80 ETF Lyxor - Société Générale70 ETF db x-trackers - Deutsche Bank57 ETF PowerShares – Invesco (November 2007) 13 ETF EasyETF - AXA/BNP Paribas 7 ETF SPDR e Beta - Crédit Agricole 5 ETF SPA ETF (January 2008) 6 ETF SGAM (February 2008) 3 ETF JP Morgan (November 2007) 1 ETF ETC Gold Bullion Securities 1 ETC ETF Securities46 ETC Data Source: Borsa Italiana S.p.A.

8 8 LSE - trades and turnover Daily Average N. of Trades 2007: 1,469 March 2008: 3,806 Daily Average Turnover 2007: £104.5 mln March 2008: £253.8 mln Daily Average (Mln GDP) N. trades Daily Average Turnover Data Source: London Stock Exchange

9 9 Data source: Borsa Italiana S.p.A. ETFplus – trades and turnover Daily Average (Mln eur) N. trades Daily Average Turnover Daily Average Turnover 2007: 126.9 Mln March 2008: 199.4 Mln +55% Y/Y Daily Average N. of Trades 2007: 5,406 March 2008: 6,228 +45% Y/Y March 2008 highest daily average turnover Data Source: Borsa Italiana S.p.A.

10 10 ETFplus: most traded ETFs - Turnover (first quarter 2008) Data Source: Borsa Italiana S.p.A. ETF Turnover (Mln € ) % on tot ETFplus 1 LYXOR ETF EURO CASH1244.010.94% 2 ISHARES DJ EURO STOXX 50839.97.38% 3 LYXOR ETF DJ EURO STOXX 50836.87.36% 4 LYXOR ETF S&P / MIB611.85.38% 5 DB X-TRACKERS DJ EURO STOXX 50 SHORT430.43.78% 6 DB X-TRACKERS II EONIA TRI425.13.74% 7 ISHARES S&P 500420.43.70% 8 LYXOR ETF DAX343.13.02% 9 LYXOR ETF MSCI INDIA (QUOTE A)338.72.98% 10 LYXOR ETF CHINA295.72.60%

11 11 Data Source: Borsa Italiana S.p.A. ETFplus: most traded ETFs - Contracts (first quarter 2008) ETF  No of trades % on tot ETFplus 1 LYXOR ETF MSCI INDIA (QUOTE A)43,56710.94% 2 LYXOR ETF CHINA27,7226.96% 3 ISHARES FTSE/XINHUA CHINA 2520,9225.25% 4 DB X-TRACKERS DJ EURO STOXX 50 SHORT18,0794.54% 5 ISHARES MSCI BRAZIL15,5873.91% 6 LYXOR ETF S&P / MIB14,5793.66% 7 ISHARES DJ EURO STOXX 5012,1633.05% 8 LYXOR ETF EURO CASH11,9373.00% 9 ISHARES MSCI JAPAN10,8112.71% 10 LYXOR ETF DJ EURO STOXX 5010,6412.67%

12 12 Content ETFs & ETCs International Comparison Emerging markets ETFs: focus on Russian and Eastern Europe ETFs

13 13 601 ETFs AUM 581 bn$ + 42,7% WORLD 20071,171 ETFs (+64%)AUM 797 bn$ (+41%) Turnover in US is 90% on exchange, in UE 50% on exchange (the remaining 50% is OTC). ETF’s in USA are listed in 4 exchanges; ETFs in UE are listed in 18 exchanges. 423 ETFs AUM 128 bn$ + 43,1% Data source: Morgan Stanley “Exchange Traded Funds – Year End 2007 Global Industry Review

14 14 European Exchanges: market share (contracts) Data source: FESE and London Stock Exchange *Irish stock exch., Wiener Boerse NUMBER OF CONTRACTS 21,161 Others* 3,931,858TOTAL Feb 07 – Feb 08 659,093 Deutsche Boerse 926,927Euronext 1,706,793 LSEG 201,771 SWX Exchan. 416,113 OMX

15 15 European Exchanges: market share (Turnover) Data source: FESE and London Stock Exchange *BME, Irish stock exch., Wiener Boerse TURNOVER (mln €) 7,671 Others* 317,893TOTAL Feb 07 – Feb 08 125,848 Deutsche Boerse 99,212Euronext 60,442LSEG Exchan. OMX 8,715 16,004 SWX

16 16 European Exchanges: average contract size, number of contracts and turnover Data source: FESE and LSE 25,43% 19,71% Borsa Italiana 44,23% OMX 4,13 % AVERAGE CONTRACT SIZE (in mln €) The bubble size is proportional to the average contract size 20,943 OMX 79,326 TOTAL Feb 07 – Feb 08 190,941 Deutsche Boerse 107,033Euronext 79,320SWX Exchan. 107,808 LSE 24,958 Borsa Italiana

17 17 Multilisted ETFs: Borsa Italiana market share - the most significant examples (Aug 07 – Feb 08) Data Source: Deutsche Boerse PowerShares EQQQ (Tot 594.3 Mln €) Lyxor ETF EuroMTS 1-3 Y (tot 867.2 Mln €) Lyxor ETF India (Tot 1393.6 Mln €) iShare MSCI Brazil (Tot 1451.9 Mln €)

18 18 Content ETFs & ETCs International Comparison Emerging markets ETFs: focus on Russian and Eastern Europe ETFs

19 19 Data source: Borsa Italiana S.p.A. ETFs trades on ETFplus – distribution by asset class (April 2007 – March 2008) NUMBER OF CONTRACTS Apr 07 – Mar 08 80,813 Bonds 377,808 Developed makets 690,580 Emerging markets Asset class 71,22 Others Style TOTAL 56,230 1,276,658 Italian Investors are focused on Emerging markets ETFs

20 20 Italian most traded Emerging markets ETFs - Contracts (April 2007 – March 2008) Data source: Borsa Italiana S.p.A.

21 21 Focus on Russia and Eastern Europe ETFs ISINNAMEBENCHMARK INDEX 1 FR0010326140LYXOR ETF RUSSIADJ RUSINDEX TITANS 10 2 LU0322252502DB MSCI RUSSIA CAPPED ETFMSCI RUSSIA CAPPED 3 FR0010204073LYXOR ETF EASTERN EUROPECECE COMPOSITE 4 IE00B0M63953ISHARES MSCI EASTERN EUROPEMSCI EASTERN EUROPE 5 IE00B1W57M07ISHARES FTSE BRIC 50FTSE BRIC 50 International Monetary Fund says Russian and Eastern Europe GDP in 2008 is expected to grow by respectively 6.5% and 5.2%* *World Economic and financial surveys – World economic outlook (October 2007) Exploit this opportunity investing on the following ETFs available on the ETFplus market:

22 22 Russia and Eastern Europe ETFs turnover, trades (April 2007 – March 2008) and AUM in Italy (end of March 2008) NAMETRADES TURNOVER (Mln € ) Italian AUM (Mln € ) 1 LYXOR ETF RUSSIA27,927303.10111.4 2 LYXOR ETF EASTERN EUROPE11,895179.9645.8 3 ISHARES MSCI EASTERN EUROPE8,637111.5468.6 4 ISHARES FTSE BRIC 502,68728.9117.5 5 DB MSCI RUSSIA CAPPED ETF*130.630.1 * Listed only starting from March 14 th 2008 Russia and Eastern Europe ETFs represent the 4% of the contracts and the 1.8% of the turnover of the whole Italian ETF market Data source: Borsa Italiana S.p.A.

Download ppt "ETF and ETC market Pietro Poletto Head of ETFs London Stock Exchange Group."

Similar presentations

1 Regional Economic Outlook Middle East, North Africa, Afghanistan, and Pakistan Masood Ahmed Director, Middle East and Central Asia Department International.

1 Regional Economic Outlook Middle East, North Africa, Afghanistan, and Pakistan Masood Ahmed Director, Middle East and Central Asia Department International.
London Stock Exchange Interim Results 6 November 2003.

London Stock Exchange Interim Results 6 November 2003.
GRAEME NEWELL University of Western Sydney and ANDREW BAUM University of Reading JUNE 2010 THE PERFORMANCE OF PROPERTY COMPANIES ON THE AIM STOCKMARKET.

GRAEME NEWELL University of Western Sydney and ANDREW BAUM University of Reading JUNE 2010 THE PERFORMANCE OF PROPERTY COMPANIES ON THE AIM STOCKMARKET.
1 The Global Financial Crisis: What’s Next? Bank Guarantee Fund Conference Warsaw, May 21, 2010 Mark Allen Senior IMF Resident Representative for Central.

1 The Global Financial Crisis: What’s Next? Bank Guarantee Fund Conference Warsaw, May 21, 2010 Mark Allen Senior IMF Resident Representative for Central.
January 2013 Going global in fixed income. Agenda Going global in fixed income China – another debt bubble in the making? M&G Global Macro Bond Fund The.

January 2013 Going global in fixed income. Agenda Going global in fixed income China – another debt bubble in the making? M&G Global Macro Bond Fund The.
2  Regulated Exchange of EU.  Cyprus has joined the EU since May 2004.  Cyprus has joined the Eurozone as of January 2008.  Cyprus, as an EU Member.

2  Regulated Exchange of EU.  Cyprus has joined the EU since May  Cyprus has joined the Eurozone as of January  Cyprus, as an EU Member.
Contrarian Investing Prof. Gerlach Sacred Heart University Deborah J. Weir, CFA Author, TIMING THE MARKET (Wiley, 2005)

Contrarian Investing Prof. Gerlach Sacred Heart University Deborah J. Weir, CFA Author, TIMING THE MARKET (Wiley, 2005)
Growth of Exchange Traded Funds

Growth of Exchange Traded Funds
By: Jesse Scott European Markets and Trading. Major European Markets London Stock Exchange Euronext Deutsche Boerse OMX Nordic Exchange Borsa Italiana.

By: Jesse Scott European Markets and Trading. Major European Markets London Stock Exchange Euronext Deutsche Boerse OMX Nordic Exchange Borsa Italiana.
Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights.

Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights.
International Equity Markets

International Equity Markets
U.S. Macroeconomic Conditions: Implications for Global Derivatives Markets Ahmet Karagozoglu, Ph.D. Professor of Finance Academic Director of Martin B.

U.S. Macroeconomic Conditions: Implications for Global Derivatives Markets Ahmet Karagozoglu, Ph.D. Professor of Finance Academic Director of Martin B.
© 2008 NYSE Euronext. All Rights Reserved. ONE MARKET, INFINITE POSSIBILITIES. SM.

© 2008 NYSE Euronext. All Rights Reserved. ONE MARKET, INFINITE POSSIBILITIES. SM.
Copyright© JSE Limited 2008 www.jse.co.za 27 February 2010 The South African and Global Landscape of Exchange Traded Funds (ETFs) 1.

Copyright© JSE Limited February 2010 The South African and Global Landscape of Exchange Traded Funds (ETFs) 1.
FIA Volume Webinar March 26, 2009 Sponsored by Trading Technologies Presented by Will Acworth, Editor of Futures Industry, and Galen Burghardt, Director.

FIA Volume Webinar March 26, 2009 Sponsored by Trading Technologies Presented by Will Acworth, Editor of Futures Industry, and Galen Burghardt, Director.
WARSAW STOCK EXCHANGE THE BIGGEST DERIVATIVES MARKET IN THE CEE REGION WARSAW STOCK EXCHANGE THE BIGGEST DERIVATIVES MARKET IN THE CEE REGION AN OPPORTUNITY.

WARSAW STOCK EXCHANGE THE BIGGEST DERIVATIVES MARKET IN THE CEE REGION WARSAW STOCK EXCHANGE THE BIGGEST DERIVATIVES MARKET IN THE CEE REGION AN OPPORTUNITY.
Exchange Traded Funds. Exchange Traded Funds (ETF) Trade just like stocks Trade just like stocks Quick and easy to invest in Quick and easy to invest.

Exchange Traded Funds. Exchange Traded Funds (ETF) Trade just like stocks Trade just like stocks Quick and easy to invest in Quick and easy to invest.
Investments: Analysis and Behavior

Investments: Analysis and Behavior
Certificate for Introduction to Securities & Investment (Cert.ISI) Unit 1 Lesson 45:  Exchange-traded funds (ETFs)  Main characteristics of ETFs  How.

Certificate for Introduction to Securities & Investment (Cert.ISI) Unit 1 Lesson 45:  Exchange-traded funds (ETFs)  Main characteristics of ETFs  How.
Presentation for National Press Foundation Teh-Hsiu Fu CEO Everbright Pramerica Fund Management Company Shanghai China June 8, 2007.

Presentation for National Press Foundation Teh-Hsiu Fu CEO Everbright Pramerica Fund Management Company Shanghai China June 8, 2007.

Similar presentations

Ads by Google