.jpg)
- 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.”
