ETNs Take Off On London Stock Exchange - 28 New Products From Two Separate Issuers In One Day

The London Stock Exchange today welcomes 28 new Exchange Traded Notes (ETNs) to its markets. Société Générale has admitted 16 ETNs to trading while Barclays iPath has admitted 12. The products offer simple, real-time exposure to commodities and futures indices and join one existing ETN, tracking gold, issued by Lyxor in March 2009.

Pietro Poletto, Head of Exchange Traded Products at London Stock Exchange Group, said:

"Today's listings create a strong base of instruments from a range of issuers for investors accessing the London markets. We look forward to leading further European growth in this product type in the coming months and years."

Today's admissions further expand the Exchange's extensive range of Exchange Traded Products (ETPs). As of today there are:

• 243 Exchange Traded Funds (ETFs), offering exposure to major indices such as the FTSE 100, as well as those tracking companies in emerging markets, cleantech businesses and Shariah compliant firms.
  
  
• 200 Exchange Traded Commodities (ETCs), offering exposure to commodities including natural resources and agriculture.
  
  
• 18 Exchange Traded Currencies (Currency ETCs), offering long and short exposure to G10 currencies against the US Dollar.
  
  
• 29 ETNs, offering exposure to commodities such as precious metals and short term futures indices.

Trading activity in ETPs has seen consistent growth since their launch ten years ago this week. In the first quarter of 2010, there was £10.4 billion worth of trading in the products on the London Stock Exchange, a 13.4 per cent increase on the same period last year.

The full list of products admitted to trading today is as follows: