april 2014 etf and et p report

ETF & ETP April Update

London Stock Exchange Group Page 1

Highlights


Listings

1 new ETF was listed on London Stock Exchange in March 2014

There are now 689 ETFs (available as 1,048 lines through multi-currency offerings) and 352 ETCs/ETNs (available as 401 lines) on our London market

Trading activity

Total on-exchange value traded for ETFs in March 2014 was 11.7 billion, up by 0.2% compared to last year

Total on-exchange value traded for other ETPs (ETCs and ETNs) in March 2014 was 1.8 billion, down by 16.6% compared to last year

London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and Exchange Traded Commodities (ETC) trading in Europe

Market coverage

23 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book

In addition, more than 400 brokers and member firms from over 20 countries are connected to the London

Stock Exchange's order book and have access to trade ETFs

Leading European market: Turnover


Source: Deutsche Bank Europe Monthly ETF Market Review- March 2014

Turnover figures are in million Euros

London Stock Exchange ETF trading is the largest in Europe with 28.1% market share in Feb 2014

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4,000

8,000

12,000

16,000

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50,000

100,000

150,000

200,000

Number of Trades

Turnover (millions)

London ETF market growth


Total ETF/ETP annual on-exchange turnover for March 2014 was 13.5 billion with 196k trades

Top 10 Most Traded Products (Order book)

London Stock Exchange Group Page 5 Note: Time weighted average spread uses best bid and best offer prices from the order book

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) March 2014

Instrument name Value traded () Number of

trades Volume traded Value traded () % of

market Number of trades %

of market Volume traded % of

market Average trade

size () Time weighted

average spread (bp)

ISHARES FTSE 100 UCITS ETF (INC) 664,746,667 16,160 100,466,065 17.2% 16.7% 39.0% 41,135 3.5

ISHARES S&P 500 UCITS ETF (INC) 176,817,417 3,457 15,860,125 4.6% 3.6% 6.2% 51,148 16.1

ISHARES MSCI WORLD UCITS ETF (INC) 164,291,798 1,725 7,742,807 4.2% 1.8% 3.0% 95,242 22.7

VANGUARD S&P 500 UCITS ETF 150,868,534 1,438 7,073,130 3.9% 1.5% 2.7% 104,916 29.9

ISHARES MSCI EM UCITS ETF (INC) 149,912,206 2,953 6,714,250 3.9% 3.1% 2.6% 50,766 43.5

ISHARES EURO HIGH YLD CORP BND UCITS ETF 105,088,066 5,182 1,166,425 2.7% 5.4% 0.5% 20,279 37.4

ISHARES FTSE 250 UCITS ETF 94,196,926 2,801 5,897,702 2.4% 2.9% 2.3% 33,630 18.0

VANGUARD FTSE 100 UCITS ETF 81,250,880 708 2,659,659 2.1% 0.7% 1.0% 114,761 6.9

ISHARES MSCI JAPAN EUR HEDGED UCITS ETF 80,253,423 1,057 2,773,148 2.1% 1.1% 1.1% 75,926 11.4

ISHARES CORPORATE BOND UCITS ETF 66,172,490 1,025 520,948 1.7% 1.1% 0.2% 64,559 28.0

Top 10 Most Actively Traded ETPs on London Stock Exchange (by Value Traded) March 2014







average spread (bp)

ETFS PHYSICAL GOLD 143,624,216 3,542 1,841,545 22.39% 17.75% 0.96% 40,549 19.7

(GBS) SEC UND ZERO CPN NTS 138,192,796 3,349 1,782,577 21.54% 16.78% 0.93% 41,264 18.0

SOURCE PHYSICAL GOLD P-ETC CERTS 43,401,116 1,310 551,191 6.77% 6.56% 0.29% 33,131 26.4

ETFS PHYSICAL SWISS GOLD 19,775,288 206 247,353 3.08% 1.03% 0.13% 95,997 20.4

DB PHYSICAL GOLD ETC 17,859,786 281 222,447 2.78% 1.41% 0.12% 63,558 18.2

ETFS PHYSICAL PLATINUM 16,384,633 387 192,588 2.55% 1.94% 0.10% 42,338 14.5

ETFS AGRICULTURE DJ-UBSCI 15,710,803 373 3,308,328 2.45% 1.87% 1.73% 42,120 152.3

ETFS COFFEE 15,610,300 865 10,076,058 2.43% 4.33% 5.26% 18,047 132.9

ETFS PHYSICAL SILVER 15,171,561 489 1,264,997 2.37% 2.45% 0.66% 31,026 63.1

ETFS BRENT OIL 13,843,550 811 328,076 2.16% 4.06% 0.17% 17,070 46.0

Top 10 Most Traded Products (On-exchange*)


Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) March 2014







average spread (bp)

ISHARES FTSE 100 UCITS ETF (INC) 1,199,362,101 21,998 181,140,073 10.70% 13.28% 26.99% 54,521 3.5

ISHARES MSCI EM UCITS ETF (INC) 553,476,651 4,024 24,654,540 4.94% 2.43% 3.67% 137,544 43.5

ISHARES MSCI WORLD UCITS ETF (INC) 406,946,351 2,625 19,178,081 3.63% 1.59% 2.86% 155,027 22.7

ISHARES S&P 500 UCITS ETF (INC) 351,476,995 6,640 31,466,861 3.13% 4.01% 4.69% 52,933 16.1

ISHARES UK GILTS 0-5YR UCITS ETF 323,378,515 2,671 2,489,637 2.88% 1.61% 0.37% 121,070 6.6

ISHARES EURO HIGH YLD CORP BND UCITS ETF 294,644,015 5,496 3,275,399 2.63% 3.32% 0.49% 53,611 37.4

VANGUARD S&P 500 UCITS ETF 263,211,220 3,383 12,336,647 2.35% 2.04% 1.84% 77,804 29.9

ISHARES FTSE 250 UCITS ETF 258,231,240 5,365 16,137,038 2.30% 3.24% 2.40% 48,133 18.0

ISHARES EURO CORPORATE BOND UCITS ETF 230,128,908 286 2,223,813 2.05% 0.17% 0.33% 804,647 26.1

ISHARES MSCI EUROPE EX-UK UCITS ETF 210,684,814 2,722 9,730,924 1.88% 1.64% 1.45% 77,401 34.1

Top 10 Most Actively Traded ETPs on London Stock Exchange (by Value Traded) March 2014







average spread (bp)

ETFS PHYSICAL GOLD 415,681,555 6,315 5,309,172 22.94% 20.92% 1.54% 65,824 19.7

SOURCE PHYSICAL GOLD P-ETC CERTS 295,135,428 1,385 3,721,033 16.29% 4.59% 1.08% 213,094 26.4

(GBS) SEC UND ZERO CPN NTS 281,110,384 3,965 3,603,902 15.52% 13.14% 1.04% 70,898 18.0

ETFS PHYSICAL SILVER 164,562,775 1,051 13,769,807 9.08% 3.48% 3.99% 156,577 63.1

ETFS COPPER 56,594,694 298 3,001,101 3.12% 0.99% 0.87% 189,915 12.7

ETFS AGRICULTURE DJ-UBSCI 40,628,191 604 8,526,802 2.24% 2.00% 2.47% 67,265 152.3

ETFS COFFEE 35,637,451 1,094 22,969,946 1.97% 3.62% 6.65% 32,575 132.9

ETFS PHYSICAL PALLADIUM 34,006,492 409 756,007 1.88% 1.36% 0.22% 83,145 21.0

ETFS NICKEL 27,793,340 159 2,694,961 1.53% 0.53% 0.78% 174,801 66.3

ETFS PHYSICAL PLATINUM 22,902,357 505 268,896 1.26% 1.67% 0.08% 45,351 14.5

Note: Time weighted average spread uses best bid and best offer prices from the order book

*Includes non-order book trades reported to the London Stock Exchange on-exchange

Trade Size Stats March

7 April 2014 London Stock Exchange Group Page 7

Average on book trade size for ETFs was 46,677

Average on book trade size for other ETPs was 27,448

New Products March


TIDM Instrument name ISIN Code First trading date Currency

ELOW SPDR EURO STOXX LOW VOLATILITY UCITS ETF IE00BFTWP510 2014.03.26 EUR

Product Growth


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20

40

60

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100

120

140

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180

200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

ETFs

ETPs

Number of new listings year on year

Products by Issuer


Issuer Number of ETFs Ranking

iShares 184 1

DB X-Trackers 159 2

Lyxor 81 3

UBS ETF 62 4

Amundi ETF 42 5

SSGA SPDR ETFS Europe 39 6

Source 35 7

HSBC ETFs 26 8

Powershares Global Funds 15 9

Go UCITS ETF Solutions 14 10

Vanguard 9 11

Ossiam 7 12

Pimco 6 13

RBS Market Access 6 14

First Trust 3 15

Finex 1 16

Total 689

Issuer Number of Other ETPs Ranking

ETF Securities 210 1

UBS AG 66 2

BOOST ETP 36 3

DB ETC 18 4

BARCLAYS BANK PLC 13 5

iShares 4 6

SOURCE PLC 4 7

CODEIS SECURITIES SA 1 8

Total 352

*Data as of 3 April 2014

Issuer Turnover (ETFs) March


March Issuer Breakdown (ETFs)

Issuer Value traded () Trades Volume Value traded % of

market Trades % of market Volume % of market Ranking

iShares 8,351,976,956 112,039 504,584,209 71.52% 67.59% 71.63% 1

DB X-Trackers 793,172,066 12,863 65,061,691 6.79% 7.76% 9.24% 2

HSBC ETFS 598,574,742 9,226 56,279,866 5.13% 5.57% 7.99% 3

Source 511,152,198 2,955 10,666,065 4.38% 1.78% 1.51% 4

Vanguard 400,622,498 9,261 21,714,420 3.43% 5.59% 3.08% 5

SSGA SPDR ETFS Europe 377,167,057 10,226 12,812,179 3.23% 6.17% 1.82% 6

UBS 188,686,461 985 11,605,468 1.62% 0.59% 1.65% 7

Lyxor 166,191,982 2,491 13,362,078 1.42% 1.50% 1.90% 8

GO UCITS ETF Solutions 129,224,874 3,031 3,661,706 1.11% 1.83% 0.52% 9

Pimco 78,122,064 580 1,149,605 0.67% 0.35% 0.16% 10

Amundi ETF 37,998,991 431 1,063,994 0.33% 0.26% 0.15% 11

Powershares Global Funds 36,735,625 1,435 2,179,993 0.31% 0.87% 0.31% 12

First Trust 3,059,893 126 168,967 0.03% 0.08% 0.02% 13

Ossiam 3,034,044 36 40,214 0.03% 0.02% 0.01% 14

RBS Market Access 1,254,267 78 51,305 0.01% 0.05% 0.01% 15

Finex 1,177,007 9 20,292 0.01% 0.01% 0.00% 16

Total

Issuer Turnover (Other ETPs) March


March Issuer Breakdown (Other ETPs)

Issuer Value traded () Trades Volume Value traded % of

market Trades % of market Volume % of market Ranking

ETF Securities 1,400,918,656 25,208 338,737,752 76.2% 83.5% 97.9% 1

Source 317,149,305 1,449 4,081,934 17.2% 4.8% 1.2% 2

DB ETC 47,886,921 679 714,804 2.6% 2.2% 0.2% 3

Boost ETP 30,221,038 1,657 739,904 1.6% 5.5% 0.2% 4

UBS AG 21,591,333 32 32,914 1.2% 0.1% 0.0% 5

iShares 20,456,333 1,093 1,371,871 1.1% 3.6% 0.4% 6

Barclays Bank 1,032,742 66 432,712 0.1% 0.2% 0.1% 7

Codeis Securities 227,893 9 2,982 0.0% 0.0% 0.0% 8

Societe Generale 9,313 3 265 0.0% 0.0% 0.0% 9

Total 1,839,493,535 30,196 346,115,138


Leading European market: Net New Assets

Source: BlackRock ETP landscape (Feb 2014)

4 out of the top 10 European ETPs ranked by YTD inflows were London Stock Exchange-listed

Fixed Income ETFs - product range and turnover

Table: Deutsche Bank European Weekly ETF Market Review March 2014

With over 50% market share, LSE has by far the highest on-exchange turnover for fixed income ETFs in Europe

There are more than 145 fixed income ETFs listed on the LSE 75% of the European top 20 fixed income ETFs by value traded are LSE listed

Deutsche Brse LSE

Top 10 fixed income ETFs by weekly on-exchange turnover ( million)

London Stock Exchange Group


Leading European market: Commodity Products

London Stock Exchange ETC market has the highest turnover market share in on-

exchange ETC trading

Source: Deutsche Bank Europe Monthly ETF Market Review- March 2014

Turnover figures are in million Euros

Contact details


Exchange Traded Products

London Stock Exchange

10 Paternoster Square

London EC4M 7LS

Tel: +44 (0)20 7797 3921

[email protected]

april 2014 etf and et p report

Documents

exchange value

traded etfs

exchange traded commodities

year london stock exchange

exchange turnover

market volume

traded etps

leading exchange