etf & etp december update - london stock exchange … stock exchange group charts: deutsche bank...
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ETF & ETP December Update
London Stock Exchange Group Page 1
London Stock Exchange Group Page 2
Listings
• 16 new ETFs and 11 other ETPs were listed on London Stock Exchange in November 2016
• There are now 908 ETFs (available as 1,384 lines through multi-currency offerings) and 413
ETCs/ETNs (available as 473 lines) on our London market
Trading activity
• Total on-exchange value traded for ETFs in November 2016 was £38.3billion (324k trades), 2.2 times the
value traded in November 2015
• Total on-exchange value traded for other ETPs (ETCs and ETNs) in November 2016 was £6.0 billion (68k
trades), more than 5 times the value traded in November 2015
• London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and
Exchange Traded Commodities (ETC) trading in Europe
Market coverage
• 20 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book
• In addition, more than 150 member firms from over 20 countries are connected to the London Stock
Exchange's order book and have access to trade ETFs
Highlights
London Stock Exchange Group Page 3
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Number of Trades
Turnover (millions)
• Total on-exchange value traded in November 2016 was £44.3 billion through 392k trades,
2.4 times the value traded in November 2015
• Total on-exchange value traded for 2016, year to date, is £351.4 billion through 3.4m
trades, up by 49.4% compared to the same period last year
London ETF/ETP Market Growth
London Stock Exchange Group Page 4 Charts: Deutsche Bank European Monthly ETF Market Review December 2016
Turnover figures are in million Euros
• London Stock Exchange ETF trading is the largest in Europe with 42% market share
Leading European Market: Turnover
London Stock Exchange Group Page 5
• London Stock Exchange ETC market has the highest turnover with 6.8% market share in
on-exchange ETC trading
Charts: Deutsche Bank European Monthly ETF Market Review December 2016
Turnover figures are in million Euros
Leading European Market: Commodity Products
London Stock Exchange Group Page 6 Note: Time weighted average spread uses best bid and best offer prices from the order book
Top 10 Traded Products – Orderbook
Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) November 2016
TIDM ISIN 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)
VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £501,117,044 5,858 15,126,505 5.52% 2.54% 4.05% £85,544 4.7955
ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £436,566,389 12,395 64,531,243 4.81% 5.37% 17.27% £35,221 3.2374
CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £325,116,811 3,429 1,975,911 3.58% 1.49% 0.53% £94,814 3.3284
IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £287,131,153 5,285 3,266,338 3.16% 2.29% 0.87% £54,329 18.5081
IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £210,545,608 5,322 2,560,858 2.32% 2.31% 0.69% £39,561 19.5593
IWDA IE00B4L5Y983 ISHRS CORE MSCI WORLD ETF USD (ACC) £149,842,827 3,389 4,362,392 1.65% 1.47% 1.17% £44,214 7.0666
VUKE IE00B810Q511 VANGUARD FTSE 100 UCITS ETF £144,595,673 2,518 4,752,862 1.59% 1.09% 1.27% £57,425 5.0819
IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £137,259,067 3,112 1,504,995 1.51% 1.35% 0.40% £44,106 18.4388
IGLT IE00B1FZSB30 ISHRS CORE UK GILTS UCITS ETF GBP (DIST) £132,211,456 1,104 10,151,404 1.46% 0.48% 2.72% £119,757 11.1967
IDEM IE00B0M63177 ISHARES MSCI EM UCITS ETF USD (DIST) £123,116,335 2187 4,589,260 1.36% 0.95% 1.23% £56,295 6.0901
Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) November 2016
TIDM ISIN 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)
PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £263,530,863 2,383 2,711,866 14.79% 5.98% 1.20% £110,588 4.6097
SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £256,810,566 3,518 2,619,573 14.41% 8.82% 1.16% £72,999 4.2516
GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £159,449,851 2,594 1,672,487 8.95% 6.51% 0.74% £61,469 4.0133
IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £120,191,902 1,791 6,092,706 6.74% 4.49% 2.69% £67,109 3.4819
CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £115,169,111 3,558 19,624,370 6.46% 8.92% 8.68% £32,369 14.2788
PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £58,890,984 597 601,516 3.30% 1.50% 0.27% £98,645 6.6563
SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £51,856,646 1,432 2,611,786 2.91% 3.59% 1.15% £36,213 5.2302
OILB GB00B0CTWC01 ETFS BRENT 1MTH £42,921,486 806 2,420,310 2.41% 2.02% 1.07% £53,252 27.5797
3OIL IE00B7ZQC614 BOOST WTI OIL 3X LEVERAGE DAILY ETP £34,511,008 2,287 50,726,278 1.94% 5.74% 22.42% £15,090 23.7769
SSLN IE00B4NCWG09 ISHARES PHYSICAL SILVER ETC £33,691,105 342 2,412,589 1.89% 0.86% 1.07% £98,512 13.0923
London Stock Exchange Group Page 7 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”
Top 10 Traded Products – On-exchange*
Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) November 2016
TIDM ISIN 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)
LQDE IE0032895942 ISHARES $ CORP.BOND UCITS ETF USD (DIST) £1,252,639,038 7,027 13,683,436 3.27% 2.17% 0.97% £178,261 19.7126
CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £1,201,725,560 3,999 7,340,779 3.14% 1.23% 0.52% £300,507 3.3284
IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £1,102,776,143 5,626 12,494,949 2.88% 1.73% 0.88% £196,014 18.5081
IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £1,023,391,789 3,395 11,175,196 2.67% 1.05% 0.79% £301,441 18.4388
ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £925,458,521 17,435 136,730,247 2.42% 5.38% 9.64% £53,081 3.2374
VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £875,159,108 6,329 26,417,997 2.29% 1.95% 1.86% £138,278 4.7955
IEAC IE00B3F81R35 ISHRS CORE EUR CORP BOND ETF EUR (DIST) £784,445,535 956 6,993,998 2.05% 0.29% 0.49% £820,550 12.9209
IEML IE00B5M4WH52 ISHRS EM LOCAL GOVT BOND ETF USD (DIST) £651,807,562 5,147 13,068,930 1.70% 1.59% 0.92% £126,638 43.9344
IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £624,676,956 5,810 7,596,236 1.63% 1.79% 0.54% £107,518 19.5593
IGLT IE00B1FZSB30 ISHRS CORE UK GILTS UCITS ETF GBP (DIST) £556,317,431 3569 42,579,971 1.45% 1.10% 3.00% £155,875 11.1967
Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) November 2016
TIDM ISIN 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)
SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £1,107,042,646 3,948 11,250,829 18.41% 5.80% 1.80% £280,406 4.2516
PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £1,028,908,620 2,973 10,665,310 17.11% 4.37% 1.71% £346,084 4.6097
IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £486,213,798 2,038 24,216,821 8.08% 2.99% 3.88% £238,574 3.4819
PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £458,928,814 4,498 4,791,998 7.63% 6.61% 0.77% £102,030 6.6563
CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £386,837,345 4,212 64,846,504 6.43% 6.19% 10.40% £91,842 14.2788
GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £364,124,441 3,144 3,864,256 6.05% 4.62% 0.62% £115,816 4.0133
XGLD GB00B5840F36 DB PHYSICAL GOLD ETC £232,870,769 690 2,423,435 3.87% 1.01% 0.39% £337,494 14.7435
COPA GB00B15KXQ89 ETFS COPPER £161,698,626 1,051 8,399,038 2.69% 1.54% 1.35% £153,852 25.8994
SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £160,245,527 3,269 7,957,886 2.66% 4.80% 1.28% £49,020 5.2302
GBSP JE00B7VG2M16 ETFS GBP DAILY HEDGED PHYSICAL GOLD £141,011,652 263 17,864,478 2.34% 0.39% 2.86% £536,166 52.0282
London Stock Exchange Group Page 8
• Average order book trade size for ETFs was £39k
• Average order book trade size for other ETPs was £45k
Trade Size Statistics – November 2016
London Stock Exchange Group Page 9
New ETFs/ETPs listed – November 2016
TIDM Instrument Name ISIN Code First Trading Date Currency
CMCU UBS ETC (UBS BBG CMCI COMPOSITE IDX) USD CH0341732862 20161104 USD
USPG UBSETF S&P 500 GBP HD A-DIS IE00BD34DL14 20161108 GBX
DEMR WT EM EI UCITS ETF - ACC IE00BDF12W49 20161108 USD
EEIA WISDOMTREE EEI ETF - ACC IE00BDF16007 20161108 EUR
GGRW WT GLOBAL QD GROWTH UCITS ETF - USD IE00BZ56RN96 20161108 USD
EGRW WISDOMTREE EZ QD GROW UCITS ETF-EUR IE00BZ56SY76 20161108 EUR
DGRW WT US QD GROWTH UCITS ETF - USD IE00BZ56RD98 20161108 USD
HEDK WT EUROPE EQUITY UCITS ETF - USD H ACC IE00BYQCZP72 20161108 USD
DFEA WT SMCAP DIV - ACC IE00BDF16114 20161108 EUR
DHSA WT US EQ IN - ACC IE00BD6RZT93 20161108 USD
DHSG WISDOMTREE USE EFT - GBP HEDGED IE00BD6RZZ53 20161108 GBX
XMVU DBXT MSCI USA MINIMUM VOLATILITY IE00BDB7J586 20161115 USD
CRAU LYXOR THOMSON REUTERS CRB EX-AGRI LU1435770406 20161117 USD
SPME ISH S&P 500 MIN VOL ETF EUR HDGD ACC IE00BYX8XD24 20161122 EUR
GLDU UBS ETC (UBS BBG CMCI GOLD IDX) USD CH0346134395 20161123 USD
WWTU UBS ETC (UBS BBG CMCI WHEAT IDX) USD CH0346134403 20161123 USD
CMEU UBS ETC (UBS BBG CMCI COMPOSITE IDX) EUR CH0346134320 20161123 EUR
CMGB UBS ETC (UBS BBG CMCI COMPOSITE IDX) GBP CH0346134312 20161123 GBP
ENRU UBS ETC (UBS BBG CMCI ENERGY IDX) USD CH0346134338 20161123 USD
LIVU UBS ETC (UBS BBG CMCI LIVESTOCK IDX) USD CH0346134379 20161123 USD
AGRU UBS ETC (UBS BBG CMCI AGRI IDX) USD CH0346134346 20161123 USD
INMU UBS ETC (UBS BBG CMCI IND MET IDX) USD CH0346134353 20161123 USD
PRMU UBS ETC (UBS BBG CMCI PREC MTLS IDX) USD CH0346134361 20161123 USD
OILU UBS ETC (UBS BBG CMCI WTI CRUDE IDX) USD CH0346134387 20161123 USD
UBTP UBSETF BARC TIPS1-10 HD GBP A-ACC LU1459801947 20161125 GBX
UBTL UBSETF BARC TIPS 10+ USD A-DIS LU1459802754 20161125 GBX
UBTS UBSETF BARC TIPS1-10 USD A-DIS LU1459801434 20161125 GBX
London Stock Exchange Group Page 10
14 15 17
45 52 51
155
136
179
99 108
166
122
30 26
67
26
160
19
34
17 13
55
20
0
20
40
60
80
100
120
140
160
180
200
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
ETFs
ETPs
Number of new listings year on year
Product Growth
London Stock Exchange Group Page 11
Product Ranking by Issuer
Issuer Number of ETFs Ranking
iShares 212 1
DB X-Trackers 138 2
Lyxor 105 3
SSGA SPDR 99 4
UBS ETF 90 5
Source 50 6
Amundi ETF 50 6
WisdomTree 32 8
HSBC ETFS 27 9
Vanguard 21 10
Invesco Powershares 19 11
ETF Securities 17 12
First Trust 11 13
Ossiam 10 14
BMO 9 15
Nomura 4 16
Commerzbank 3 17
Van Eck 3 17
Zyfin 3 17
Fundlogic 2 20
Finex 1 21
Fullgoal 1 21
ICBC Credit Suisse 1 21
Total 908
Issuer Number of Other ETPs Ranking
ETF Securities 238 1
UBS AG 77 2
Boost ETP 51 3
Société Générale 27 4
DB ETC 8 5
Barclays Bank 4 6
iShares 4 6
Source 4 6
Total 413
Monthly ETF Turnover by Issuer - November
London Stock Exchange Group Page 12
Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded %
of market
Trades % of
market
Volume % of
market Ranking
ISHARES 24,496,875,610 195,786 912,085,484 64.02% 60.38% 64.33% 1
SOURCE 2,895,166,916 18,758 42,762,126 7.57% 5.78% 3.02% 2
SSGA SPDR 2,375,272,780 23,882 65,150,706 6.21% 7.36% 4.60% 3
VANGUARD 2,222,072,531 26,096 69,445,876 5.81% 8.05% 4.90% 4
DB X-TRACKERS 2,193,590,771 23,784 132,362,122 5.73% 7.33% 9.34% 5
LYXOR 2,075,508,972 10,159 35,600,188 5.42% 3.13% 2.51% 6
ETF SECURITIES 728,795,015 7,718 60,613,088 1.90% 2.38% 4.28% 7
HSBC ETFS 397,311,788 6,577 28,608,673 1.04% 2.03% 2.02% 8
AMUNDI ETF 255,510,371 1,016 44,938,695 0.67% 0.31% 3.17% 9
UBS ETF 242,514,102 3,116 9,782,956 0.63% 0.96% 0.69% 10
INVESCO POWERSHARES 148,444,128 1,949 5,860,027 0.39% 0.60% 0.41% 11
VAN ECK 82,893,828 1,788 4,042,720 0.22% 0.55% 0.29% 12
WISDOMTREE 46,754,868 1,516 3,886,852 0.12% 0.47% 0.27% 13
FIRST TRUST 33,777,794 673 1,724,461 0.09% 0.21% 0.12% 14
OSSIAM 24,603,862 214 118,881 0.06% 0.07% 0.01% 15
NOMURA 23,137,886 425 301,488 0.06% 0.13% 0.02% 16
BMO 11,520,785 338 231,556 0.03% 0.10% 0.02% 17
FUNDLOGIC 8,491,708 434 100,708 0.02% 0.13% 0.01% 18
FINEX 1,180,381 6 14,485 0.00% 0.00% 0.00% 19
ICBC CREDIT SUISSE 764,525 27 94,543 0.00% 0.01% 0.01% 20
ZYFIN 528,683 17 70,347 0.00% 0.01% 0.00% 21
Total 38,264,717,302 324,279 1,417,795,982
London Stock Exchange Group Page 13
Monthly ETP Turnover by Issuer - November
Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of
market
Trades % of
market
Volume % of
market Ranking
ETF SECURITIES 3,516,904,829 40,493 417,333,057 58.48% 59.51% 66.91% 1
SOURCE PHYSICAL
MARKETS PLC 1,173,432,169 5,240 12,952,031 19.51% 7.70% 2.08% 2
ISHARES PHYSICAL
METALS PLC 693,586,175 6,118 35,559,734 11.53% 8.99% 5.70% 3
DB ETC 304,870,405 1,246 5,022,349 5.07% 1.83% 0.81% 4
BOOST ISSUER PUBLIC
LIMITED COMPANY 291,819,068 11,936 113,563,391 4.85% 17.54% 18.21% 5
SG ISSUER 28,250,339 2,795 35,440,629 0.47% 4.11% 5.68% 6
UBS AG 3,626,006 45 7,034 0.06% 0.07% 0.00% 7
BARCLAYS BANK PLC 1,557,186 175 3,866,609 0.03% 0.26% 0.62% 8
Total 6,014,046,178 68,048 623,744,834
Data: Deutsche Bank European Monthly ETF Market Review December 2016
• LSE has by far the highest on-exchange turnover for fixed income ETPs in Europe
with 60% market share
• There are 207 fixed income ETFs listed on the LSE
• 85% of the European top 20 fixed income ETFs by value traded are LSE listed
Deutsche Börse London Stock Exchange
Top 10 fixed income ETFs by monthly on-exchange turnover (€million)
London Stock Exchange Group Page 14
Fixed Income ETFs – Product Range and Turnover
London Stock Exchange Group Page 15
Exchange Traded Products
London Stock Exchange
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London EC4M 7LS
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