The Spanish Stock Exchange will tomorrow start trading two new exchange traded funds (ETFs) issued by BBVA Asset Management: ACCIÓN IBEX 35 INVERSO ETF and BBVA IBOXX EURO SOVEREIGNS 3-5 AÑOS SHORT INDEX ETF.
These issues bring the number of ETFs listed on the Spanish stock exchange to 65, thus significantly increasing the number of strategy ETFs, that is, those whose underlying assets are short or leveraged indices.
The trading volume in 2010 totaled €5.96 billion, up 72% year on year and the total number of trades in ETFs during the same period reached 63,154, up 24.3% from 2009.