FinEx ETF launches on London Stock Exchange
Date: Mar 01, 2013
Categories: Markets & Exchanges
February 25th 2013 - London Stock Exchange today welcomes FinEx ETF as a new issuer of Exchange Traded Funds (ETFs) on its Main Market. The company launched the first ever Russian corporate bond ETF to be listed in London.
To mark the launch, Simon Luhr, managing partner and CEO, FinEx Capital Management, joined Gillian Walmsley, Head of Fixed Income and Listed Products at London Stock Exchange to formally open trading on the London markets this morning.
Gillian Walmsley, Head of Fixed Income Products at London Stock Exchange, said: “We’re delighted to welcome FinEx ETF to London as our 17th ETF issuer. Their new product highlights the combined appetite in London for innovation and investor appetite to access emerging markets and fixed income ETFs. Our market remains the pre-eminent European destination for ETF issuers and investors and we expect to see continued growth in 2013.”
There are over 1,000 Exchange Traded Products listed on London Stock Exchange including all of the top ten European ETPs ranked by 2012 inflows. London Stock Exchange is also the leading venue for fixed income and emerging market ETFs. The London market has the highest on-exchange turnover for fixed income ETFs of any market in Europe, and boasts more than 120 emerging market ETFs.
The FinEx ETF launch is part of a growing trend within the industry to access the Russian market. Russia was among the top five emerging markets in 2012 for absolute flows and total value traded on-exchange in Russia-only focussed ETFs was over £1bn last year in London.
Re-disseminated by The Asian Banker