1 / 22

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

ETF and ETC market Pietro Poletto Head of ETFs London Stock Exchange Group. Content. ETFs & ETCs International Comparison Emerging markets ETFs: focus on Russian and Eastern Europe ETFs. Number of ETFs/ETCs listed on LSE. Total 259. ETC. ETF. Data Source: London Stock Exchange.

jeslyn
Download Presentation

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

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

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

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

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

  4. ETFplus market: segments and classes of products MTF ETFplus - - Structured ETFs ETCs Standard ETFs - OICR Indicizzati Exchange-traded Commodities Indexed UCITS Structured 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 • Index Commodities • Cattle • Energy • Industrial Metals • Precious Metals • Agricultural Products • Class 1 (without leverage) • Buywrite – Covered Call • Short • Class 2 (with leverage) • Leveraged Long • Leveraged Short

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

  6. ETFs and ETCs Issuer Breakdown (by Parent Company) - LSE ETF iShares – BGI 59 ETF Lyxor - Société Générale 29 ETF db x-trackers - Deutsche Bank 29 ETFPowerShares – Invesco(November 2007)13 ETF SPA ETF(January 2008)6 ETF ETC Gold Bullion Securities 1 ETC ETF Securities 122 ETC 36 5 20 7 41 63 Data Source: London Stock Exchange

  7. ETFs and ETCs Issuer Breakdown (by Parent Company) - ETFplus ETF iShares – BGI 80 ETF Lyxor - Société Générale 70 ETF db x-trackers - Deutsche Bank 57 ETFPowerShares – 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 Securities 46 ETC 36 5 20 7 41 63 Data Source: Borsa Italiana S.p.A.

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

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

  10. ETFplus:most traded ETFs - Turnover (first quarter 2008) Data Source: Borsa Italiana S.p.A.

  11. ETFplus: most traded ETFs - Contracts (first quarter 2008) Data Source: Borsa Italiana S.p.A.

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

  13. WORLD 2007 1,171 ETFs (+64%) AUM 797 bn$ (+41%) 423 ETFs AUM 128 bn$ + 43,1% 601 ETFs AUM 581 bn$ + 42,7% 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. Data source: Morgan Stanley “Exchange Traded Funds – Year End 2007 Global Industry Review

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

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

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

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

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

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

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

  21. Focus on Russia and Eastern Europe ETFs International Monetary Fund says Russian and Eastern Europe GDP in 2008 is expected to grow by respectively 6.5% and 5.2%* Exploit this opportunity investing on the following ETFs available on the ETFplus market: *World Economic and financial surveys – World economic outlook (October 2007)

  22. Russia and Eastern Europe ETFs turnover, trades (April 2007 – March 2008) and AUM in Italy (end of March 2008) * Listed only starting from March 14th 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.

More Related