LISTED PRODUCT NEWS

DB X-TRACKERS LISTS GLOBAL SECTOR ETFS

Deutsche Bank’s ETF division db x-trackers yesterday announced that it had launched 10 global equity sector-based ETFs, listed on the London Stock Exchange (LSE). All 10 products will track the various MSCI?World sector indices, which give access to developed world equity sectors. This launch enhances db x-trackers’ offering of sector ETFs – the provider already has European equity sector ETFs available. These new products are available in both sterling and dollar share classes and carry a total expense ratio (TER) of 0.45 per cent.

US ETF AND ETP ASSETS EXCEED $1 TRILLION

Assets under management held in US-listed ETFs and exchange-traded products (ETPs) broke through the $1 trillion milestone for the first time on 16 December, according to BlackRock research. As of 16 December, in the US there were 894 ETFs with assets of $887.2bn from 28 providers on two exchanges. This compares to 772 ETFs with assets of $705.5bn, from 29 providers on two exchanges at the end of last year. BlackRock says that there are another 828 ETFs in the pipeline while only 49 have delisted in 2010.

ETF TRADING JUMPS ON THE LSE

There was a sharp increase in both the value and volume of ETFs and exchange-traded products (ETP) traded on the LSE in November. Value traded and volume were up 37 per cent and 15 per cent respectively from October, according to data published earlier this week by the exchange. In a year-on-year comparison, the value traded in November 2010 is more than double that of the same period in 2009. In terms of the number of trades, the iShares’ FTSE 100 ETF was the most popular in November followed by ETF Securities’ physical gold ETF.