London-listed ETF trading hits record high in February

Stockmarket-Stock-Market-FTSE-Performance-700x450.jpgLast month saw record exchange traded funds trading of £6.8bn, according to London Stock Exchange data.

The value of ETFs traded on LSE’s platform was up 4 per cent on the previous record set in January one year ago.

Overall, 893 ETFs and 395 exchange traded products are now listed on the London Stock Exchange, with the total value of those ETFs in January 2016 reaching £23.5bn, up 10 per cent compared to last year.

The uptick in listings comes as the industry’s assets hit a record high of $372bn (£261bn) last year, according to ETFGI.

LSE also saw a strong month for new listings, with 30 ETFs listed in February alone.

So far in 2016, 37 ETFs have been listed on the London Stock Exchange, 11 more products than for the same period last year.

Among the launches are 11 Standard & Poor’s depositary receipt fixed income ETFs, providing exposure to US Treasury and European government bonds.

Other ETFs launched include those from UBS, with 9 products, Vanguard and Amundi with 4 ETFs each and Source, with 2 ETFs.

Most of the new listed ETFs were tracking the US equity and fixed income market.