ETF & ETP May Update. London Stock Exchange Group Page 1

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1 ETF & ETP May Update London Stock Exchange Group Page 1

2 Highlights Listings 5 new ETFs and were listed on London Stock Exchange in April 2016 There are now 882 ETFs (available as 1,319 lines through multi-currency offerings) and 395 ETCs/ETNs (available as 446 lines) on our London market Trading activity Total on-exchange value traded for ETFs in April 2016 was 24.4billion (228k trades), up 11% compared to last year Total on-exchange value traded for other ETPs (ETCs and ETNs) in April 2016 was 3.0 billion (57k trades), more than doubled the value traded in April London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and Exchange Traded Commodities (ETC) trading in Europe. Market coverage 21 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book In addition, more than 150 member firms from over 20 countries are connected to the London Stock Exchange's order book and have access to trade ETFs London Stock Exchange Group Page 2

3 London ETF/ETP Market Growth Total on-exchange value traded in April 2016 was 27.5 billion through 285k trades Total on-exchange value traded for 2016 is billion through 1.2m trades, up by 27% compared to the same period last year 300, , , , ,000 50,000 - Number of Trades Turnover (millions) 32,000 28,000 24,000 20,000 16,000 12,000 8,000 4,000 - London Stock Exchange Group Page 3

4 Leading European Market: Turnover London Stock Exchange ETF trading is the largest in Europe with 41.1% market share. London Stock Exchange Group Charts: Deutsche Bank ETF Annual Review & Outlook May 2016 Page 4 Turnover figures are in million Euros

5 Leading European Market: Commodity Products London Stock Exchange ETC market has the highest turnover market share in onexchange ETC trading London Stock Exchange Group Charts: Deutsche Bank ETF Annual Review & Outlook May 2016 Page 5 Turnover figures are in million Euros

6 Top 10 Traded Products Orderbook TIDM Value traded ( ) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) April 2016 Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) ISF 488,044,996 12,678 78,476, % 8.97% 27.38% 38, CSPX 343,265,441 2,890 2,532, % 2.05% 0.88% 118, VUSD 285,865,557 2,460 10,381, % 1.74% 3.62% 116, IDUS 136,451,928 1,415 9,478, % 1.00% 3.31% 96, IHYU 127,977,587 2,717 1,826, % 1.92% 0.64% 47, LQDE 113,311,358 4,007 1,409, % 2.84% 0.49% 28, MVEU 112,880, ,836, % 0.44% 1.34% 182, IHYG 91,120,125 2,634 1,111, % 1.86% 0.39% 34, VUKE 89,072,316 1,984 3,187, % 1.40% 1.11% 44, IUSA 84,572,614 1,349 5,861, % 0.95% 2.04% 62, TIDM Value traded ( ) Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) April 2016 Number of trades Volume traded Value traded ( ) % of market Number of trades % of market Volume traded % of market Average trade size ( ) Time weighted average spread (bp) ISF 488,044,996 12,678 78,476, % 7.12% 3.96% 38, CSPX 343,265,441 2,890 2,532, % 1.62% 0.13% 118, VUSD 285,865,557 2,460 10,381, % 1.38% 0.52% 116, SGLD 257,013,963 5,131 3,019, % 2.88% 0.15% 50, PHAU 155,687,110 2,986 1,861, % 1.68% 0.09% 52, IDUS 136,451,928 1,415 9,478, % 0.79% 0.48% 96, IHYU 127,977,587 2,717 1,826, % 1.53% 0.09% 47, LQDE 113,311,358 4,007 1,409, % 2.25% 0.07% 28, MVEU 112,880, ,836, % 0.35% 0.19% 182, CRUD 107,574,120 3,632 21,159, % 2.04% 1.07% 29, London Stock Exchange Group Page 6 Note: Time weighted average spread uses best bid and best offer prices from the order book

7 Top 10 Traded Products On-exchange* TIDM Value traded ( ) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) April 2016 Number of trades Volume traded Value traded ( ) % of market Number of trades Volume traded % % of market of market Average trade size ( ) Time weighted average spread (bp) IHYG 1,044,535,937 2,889 12,728, % 1.26% 1.18% 361, ISF 879,237,828 18, ,452, % 8.26% 13.15% 46, IEAC 794,188, ,755, % 0.42% 0.72% 821, SPMV 715,912,079 1,596 24,861, % 0.70% 2.31% 448, IEML 668,831,438 1,213 14,673, % 0.53% 1.36% 551, IHYU 648,529,618 2,892 9,268, % 1.27% 0.86% 224, LQDE 626,817,253 4,420 7,828, % 1.93% 0.73% 141, CSPX 572,123,025 3,159 4,224, % 1.38% 0.39% 181, IEMB 494,974,819 2,693 6,412, % 1.18% 0.60% 105, VUSD 429,076,307 2,868 15,615, % 1.26% 1.45% 183, TIDM Value traded ( ) Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) April 2016 Number of trades Volume traded Value traded ( ) % of market Number of trades Volume traded % % of market of market Average trade size ( ) Time weighted average spread (bp) IHYG 1,044,535,937 2,889 12,728, % 1.01% 0.35% 361, ISF 879,237,828 18, ,452, % 6.62% 3.94% 46, IEAC 794,188, ,755, % 0.34% 0.22% 821, SPMV 715,912,079 1,596 24,861, % 0.56% 0.69% 448, IEML 668,831,438 1,213 14,673, % 0.43% 0.41% 551, IHYU 648,529,618 2,892 9,268, % 1.01% 0.26% 224, LQDE 626,817,253 4,420 7,828, % 1.55% 0.22% 141, CSPX 572,123,025 3,159 4,224, % 1.11% 0.12% 181, SGLD 557,864,957 5,265 6,529, % 1.85% 0.18% 105, IEMB 494,974,819 2,693 6,412, % 0.94% 0.18% 183, Note: Time weighted average spread uses best bid and best offer prices from the order book London Stock Exchange Group Page 7 *Includes non-order book trades reported to the London Stock Exchange on-exchange

8 Trade Size Statistics April 2016 Average order book trade size for ETFs was 41k Average order book trade size for other ETPs was 34k London Stock Exchange Group Page 8

9 New ETFs/ETPs listed April 2016 TIDM Instrument Name ISIN First trading date Currency XQUA DBX IBOXX USD EM SOV. QUALITY WEIGHTED IE00BD4DX USD UINC FIRST TRUST US EQUITY INCOME UCITS ETF IE00BZBW4Z GBX FKUD FIRSTTRUST UK ALPHADEX UCITS ETF CLASS B IE00BD9N GBX LYXW LYXOR JP M MULTI-FACTOR WORLD UCITS ETF LU GBX XBGG DBXT GLB AGG BOND ETF DAILY INC GBP HDGE LU GBX London Stock Exchange Group Page 9

10 Product Growth Number of new listings year on year ETFs ETPs London Stock Exchange Group Page 10

11 Product Ranking by Issuer Issuer Number of ETFs Ranking ishares DB X-Trackers Lyxor SSGA SPDR 89 4 UBS ETF 89 4 Source 53 5 Amundi ETF 50 6 HSBC ETFS 27 7 Vanguard 21 8 WisdomTree 18 9 ETF Securities Invesco Powershares Ossiam First Trust BMO 9 13 Nomura 4 14 Commerzbank 3 15 Van Eck 3 15 Ashmore 2 16 Fundlogic Alternatives 2 16 Finex 1 17 Zyfin 1 17 Total 882 Issuer Number of Other ETPs Ranking ETF Securities UBS AG 66 2 Boost ETP 43 3 Société Générale 28 4 DB ETC 8 5 Barclays Bank 4 6 ishares 4 6 Source 4 6 Total 395 London Stock Exchange Group Page 11

12 Monthly ETF Turnover by Issuer - April Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of market Trades % of market Volume % of market Ranking ISHARES 16,521,420, , ,432, % 61.24% 64.49% 1 DB X-TRACKERS 1,672,180,447 17, ,979, % 6.51% 9.04% 2 VANGUARD 1,604,490,778 20,615 62,055, % 9.02% 5.77% 3 LYXOR 1,308,785,657 5,133 29,222, % 2.36% 2.87% 4 SOURCE 1,028,709,499 9,484 16,552, % 4.15% 1.54% 5 SSGA SPDR 1,018,708,273 15,347 41,173, % 6.72% 3.83% 6 ETF SECURITIES 304,371,972 4,984 29,300, % 2.29% 2.88% 7 HSBC ETFS 300,922,978 7,399 25,986, % 3.24% 2.42% 8 UBS ETF 256,496,540 3,155 13,289, % 1.38% 1.24% 9 AMUNDI ETF 147,275, ,195, % 0.15% 3.46% 10 INVESCO POWERSHARES 91,036,719 1,122 5,546, % 0.49% 0.52% 11 WISDOMTREE 35,945,939 1,117 3,957, % 0.49% 0.37% 12 OSSIAM 30,602, , % 0.12% 0.02% 13 BMO 28,667, , % 0.01% 0.03% 14 VAN ECK 24,141,661 1,095 1,439, % 0.48% 0.13% 15 FIRST TRUST 11,573, , % 0.24% 0.05% 16 NOMURA 9,818, , % 0.18% 0.01% 17 FUNDLOGIC 5,422, , % 0.01% 0.01% 18 ASHMORE 968, , % 0.01% 0.00% 19 ZYFIN 54, , % 0.00% 0.00% 20 FINEX 6, % 0.00% 0.00% 21 Total 24,401,599, ,083 1,074,413,532 London Stock Exchange Group Page 12

13 Monthly ETP Turnover by Issuer - April Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded % of market Trades % of market Volume % of market Ranking ETF SECURITIES 1,925,990,648 34,435 2,372,644, % 54.13% 94.29% 1 SOURCE 614,341,189 6,249 8,531, % 11.00% 0.34% 2 BOOST ETP 209,444,237 10, ,631, % 19.30% 4.28% 3 DB ETC 148,882, ,967, % 1.39% 0.20% 4 ISHARES 115,883,684 2,245 6,948, % 3.95% 0.28% 5 SG ISSUER 23,767,556 1,989 10,928, % 3.50% 0.43% 6 UBS AG 4,615, , % 0.12% 0.00% 7 BARCLAYS BANK PLC 375, , % 0.15% 0.03% 8 Total 3,043,300,682 56,831 2,512,397,093 London Stock Exchange Group Page 13

14 Fixed Income ETFs Product Range and Turnover LSE has by far the highest on-exchange turnover for fixed income ETFs in Europe with 56% market share There are 196 fixed income ETFs listed on the LSE 80% of the European top 20 fixed income ETFs by value traded are LSE listed Top 10 fixed income ETFs by monthly on-exchange turnover ( million) London Stock Exchange Deutsche Börse London Stock Exchange Group Data: Deutsche Bank European Monthly ETF Market Review May 2016 Page 14

15 Contact Details Exchange Traded Products London Stock Exchange 10 Paternoster Square London EC4M 7LS Tel: +44 (0) London Stock Exchange Group Page 15