London Stock Exchange embraces ETF innovation
This year’s gold rush saw investors pour into gold products on the back of soaring precious metal prices. As a result, for a couple of days, gold ETPs listed on London Stock Exchange traded more than any other equities says Lida Eslami, head of business development for ETPs at the exchange.
The first ETF to list on London Stock Exchange in 2000 was an iShares FTSE 100 ETF and the exchange now has over 1700 ETPs available in multiple currencies. This includes fixed income and emerging market ETFs, contributing to a daily turnover of over GBP400 million.