ETF LANDSCAPE IS STILL GROWING
The latest ETF landscape survey from iShares, the ETF provider, has found that the industry continued to grow throughout July. At the end of July, the global ETF industry had 2,282 ETFs with assets of just over $1,095bn, from 124 providers listed on 42 exchanges across the world. Europe has just under half of the world’s listed ETFs and net new assets in July totalled $2.4bn. The industry remains fairly concentrated with a few main players dominating business in Europe. BlackRock’s iShares received the most net inflows in July, attracting $1.2bn.
INCREASE YOUR ETF KNOW-HOW
Investment bank RBS is hosting another seminar for investors tomorrow. The event, which is free, will look at whether the FTSE 100 is good value. This comes during a particularly tricky trading environment for investors. Not only are volumes of equity trades low during the summer months, but fears of a slowdown in growth do not seem to have moderated. This seminar will be hosted by investor guru David Stevenson as part of his “finding value” theme. The seminar will take place at RBS’s Bishopsgate office this evening from 5.30pm-7pm.
ETF DAILY TRADING VALUE UP ON LSE
The average daily trading value of ETFs traded on the London Stock Exchange (LSE) has increased by more than 50 per cent in the past year to reach £362m, the LSE announced this week. The average number of ETFs traded per day has also increased by just under a third to 4,390. There are now 279 ETFs listed on the LSE and 307 other listed products, including ETCs. The iShares FTSE 100 product was the most traded ETP in July, with a turnover of £966m. ETF Securities’ physical gold ETP was in second place with £774m.