- Product range expanded in Milan
- Total number of London ETFs surpasses 300
45 Exchange Traded Funds (ETFs) issued by Credit Suisse have been admitted to trading across London Stock Exchange Group's markets in the UK and Italy today. Credit Suisse has launched its London offering with 45 ETFs on the Main Market, 13 of which have also been listed on Borsa Italiana's ETFPlus market today, expanding the firm's existing range of products in Milan.
The products offer exposure to a wide range of benchmark indices from a variety of regions including Europe, North America, BRIC countries and other emerging markets.
Pietro Poletto, Head of Exchange Traded Products at London Stock Exchange Group, said:
"We are delighted to welcome Credit Suisse as a new issuer of ETFs on our London market today, and are pleased to accommodate the expansion of their existing product range in Milan. Europe's exciting ETF growth story continues apace, and we are determined to continue leading it. Together, London Stock Exchange Group's UK and Italian markets compose the largest ETF exchange in Europe by volume."
Dan Draper, Global Head of ETFs at Credit Suisse, said:
"We are very pleased that Credit Suisse's successful ETF platform, is entering the UK market and is joining forces with the London Stock Exchange to provide investors with a wide range of âBest in Class' Swap based and physical replication ETFs. We believe this is an exciting time for the European ETF industry. This is only the beginning of the story, we see potential for rapid growth in Europe, similar to that seen in the US over the past decade."
There are now 11 ETF issuers listing 327 products in London, and 11 ETF issuers listing 478 products in Milan. Trading activity in ETFs and other ETPs has continued to rise across the Group's markets during 2010. Between January and August there were an average 16,710 trades worth Â£443m each day, a year-on-year increase of 47.4 per cent and 38.3 per cent respectively.