London Stock Exchange welcomes SPDR® ETFs
The London Stock Exchange today welcomes SPDR ETFs as a new issuer of exchange traded funds (ETFs) on its Main Market. The company has issued 11 new products offering exposure to fixed income, global and emerging equity markets.
To mark the occasion, Scott Ebner, Global Head of ETF Product Development at State Street Global Advisers (SSgA), was joined by Gillian Walmsley, Head of ETFs at the London Stock Exchange, to open trading in London this morning.
Pietro Poletto, Global Head of ETFs at London Stock Exchange Group, said:
“As one of the largest providers of ETFs in the world, SPDR ETFs is a great addition to our range of issuers in London, and will offer investors simple, transparent access to an excellent selection of indices on a highly liquid platform.
“The launch of SPDR ETFs’ emerging markets products will further strengthen our position in the field; London Stock Exchange currently lists more emerging markets ETFs than any other exchange in the world.”
From today there are 493 ETFs from 16 issuers listed on the London Stock Exchange. In the first half of 2011 there were 369,600 ETF trades in London worth a combined £19 billion, a 40.3 per cent and 33.5 per cent increase respectively on the same period last year.