London Stock Exchange welcomes Fidelity International as new ETF issuer
- Fidelity International launches first range of smart beta ETFs
- 26 dedicated ETP issuers now active on London Stock Exchange
- More than £83 billion of on-exchange trading in ETPs on London Stock Exchange in first quarter of 2017
London Stock Exchange today welcomes Fidelity International as the latest ETF issuer on its market. The two ETFs* listed today in London are the first Fidelity International has issued in Europe and the first smart beta ETFs they have listed globally.
London Stock Exchange now has 26 dedicated Exchange Traded Product (ETP) issuers with 1341 ETPs listed on its market in total. In the first quarter of the year, there was more than £83 billion of ETP trading on London Stock Exchange, through more than 996,000 trades**.
Nick King, Head of ETFs at Fidelity International said:
“Fidelity International is focused on providing world class investment solutions. Demand for Smart Beta strategies has been growing in recent years and is expected to continue to accelerate as investors look for competitively priced, differentiated products which provide a particular investment outcome. This is an area we believe our proven research capabilities and expertise can add value and increased choice for our clients.
“Our first smart beta ETFs will track Fidelity-branded indices which leverage our experience in security analysis and portfolio construction. By combining our active investment expertise with the systematic aspects of passive investing, we believe we can offer a truly differentiated product.”
Pietro Poletto, Global Head of Fixed Income Products at London Stock Exchange Group said:
“We are delighted that Fidelity has become the latest ETF issuer to list products in London, responding to the increasingly strong demand from European investors. London Stock Exchange is a leading ETF trading venue in Europe and working with market participants, we hope to continue to build on this position by encouraging new issuers and products to market.”
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For further information:
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Notes to editors:
* Fidelity Global Quality Income UCITS ETF and Fidelity US Quality Income UCITS ETF
**Includes OTC trades reported to London Stock Exchange
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,000 people.
Further information on London Stock Exchange Group can be found at www.lseg.com