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


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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.

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

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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


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


Etf and etc market pietro poletto head of etfs london stock exchange group

Number of ETFs/ETCs listed on LSE

Total

259

ETC

ETF

Data Source: London Stock Exchange


Etfplus market segments and classes of products

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


Number of etfs etcs listed on etfplus

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.


Etfs and etcs issuer breakdown by parent company lse

ETFs and ETCs Issuer Breakdown (by Parent Company) - LSE

ETF

iShares – BGI59 ETF

Lyxor - Société Générale29 ETF

db x-trackers - Deutsche Bank29 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


Etfs and etcs issuer breakdown by parent company etfplus

ETFs and ETCs Issuer Breakdown (by Parent Company) - ETFplus

ETF

iShares – BGI80 ETF

Lyxor - Société Générale70 ETF

db x-trackers - Deutsche Bank57 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 Securities46 ETC

36

5

20

7

41

63

Data Source: Borsa Italiana S.p.A.


Etf and etc market pietro poletto head of etfs london stock exchange group

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


Etf and etc market pietro poletto head of etfs london stock exchange group

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.


Etf and etc market pietro poletto head of etfs london stock exchange group

ETFplus:most traded ETFs - Turnover (first quarter 2008)

Data Source: Borsa Italiana S.p.A.


Etf and etc market pietro poletto head of etfs london stock exchange group

ETFplus: most traded ETFs - Contracts (first quarter 2008)

Data Source: Borsa Italiana S.p.A.


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


Etf and etc market pietro poletto head of etfs london stock exchange group

WORLD 20071,171 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


European exchanges market share contracts

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


European exchanges market share turnover

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


European exchanges average contract size number of contracts and turnover

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


Multilisted etfs borsa italiana market share the most significant examples aug 07 feb 08

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


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


Etfs trades on etfplus distribution by asset class april 200 7 march 2008

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.


Italian m ost traded emerging market s etfs contracts april 200 7 march 2008

Italian most traded Emerging markets ETFs - Contracts (April 2007 – March 2008)

Data source: Borsa Italiana S.p.A.


Focus on russia and eastern europe etfs

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)


Etf and etc market pietro poletto head of etfs london stock exchange group

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.


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