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

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

2 Highlights Listings 12 new ETFs were listed on London Stock Exchange in January 2015 There are now 764 ETFs (available as 1,160 lines through multi-currency offerings) and 359 ETCs/ETNs (available as 410 lines) on our London market Trading activity Total on-exchange value traded for ETFs in January 2015 was 20.9 billion (241k trades), up by 64% compared to last year Total on-exchange value traded for other ETPs (ETCs and ETNs) in January 2015 was 2.5 billion (54k trades), up by 100% compared to last year London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and Exchange Traded Commodities (ETC) trading in Europe Market coverage 23 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book In addition, more than 400 brokers and 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 market growth Total ETF/ETP on-exchange turnover for January 2015 was 23.4billion with 295k trades 24, , , ,000 Number of Trades Turnover (millions) 20,000 16,000 12, ,000 8,000 50,000 4, London Stock Exchange Group Page 3

4 Top 10 Most Traded Products (order book) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) January 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % Number of trades % Volume traded % Average trade size ( ) Time weighted average spread (bp) ISF 807,006,113 31, ,264, % 18.3% 34.4% 25, VUSD 432,116,785 3,747 17,002, % 2.2% 4.7% 115, VUKE 260,161,221 2,038 8,714, % 1.2% 2.4% 127, IDWR 220,110,028 1,120 9,337, % 0.7% 2.6% 196, IUSA 189,526,521 18,457 14,213, % 10.7% 4.0% 10, CSPX 184,674,735 1,313 1,507, % 0.8% 0.4% 140, IEMB 138,096,034 1,842 1,915, % 1.1% 0.5% 74, IGLT 104,313,482 1,198 8,196, % 0.7% 2.3% 87, EUE 103,399, ,156, % 0.6% 1.2% 104, IDUS 94,745,984 1,162 7,116, % 0.7% 2.0% 81, Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) January 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % Number of trades % Volume traded % Average trade size ( ) Time weighted average spread (bp) PHAU 224,494,104 6,351 2,772, % 17.4% 0.3% 35, CRUD 154,006,652 3,848 18,657, % 10.6% 2.1% 40, SGLD 127,586,325 2,482 1,570, % 6.8% 0.2% 51, GBS 118,845,399 3,742 1,493, % 10.3% 0.2% 31, OILB 28,928, ,441, % 2.4% 0.2% 32, SGLP 28,103, , % 1.1% 0.0% 73, XGLD 26,369, , % 1.0% 0.0% 71, SNGA 23,131, , % 1.0% 0.0% 62, IGLN 19,029, ,162, % 0.6% 0.1% 81, LOIL 18,833,638 3,541 34,945, % 9.7% 3.9% 5, London Stock Exchange Group Page 4 Note: Time weighted average spread uses best bid and best offer prices from the order book

5 Top 10 Most Traded Products (on-exchange*) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) January2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % Number of trades % Volume traded % Average trade size ( ) Time weighted average spread (bp) ISF 1,115,863,360 36, ,112, % 15.3% 19.0% 30, LQDE 824,500,054 2,731 10,684, % 1.1% 1.2% 301, VUSD 794,126,727 4,063 31,165, % 1.7% 3.5% 195, VUKE 763,240,208 4,885 25,347, % 2.0% 2.8% 156, IEMB 653,423,399 2,027 9,055, % 0.8% 1.0% 322, IHYG 568,402,701 1,972 6,853, % 0.8% 0.8% 288, IHYU 543,610,877 3,461 7,670, % 1.4% 0.9% 157, XSTR 429,859, ,293, % 0.0% 0.3% 9,145, EUE 370,370,285 1,601 14,888, % 0.7% 1.7% 231, CSPX 354,186,867 1,521 2,901, % 0.6% 0.3% 232, Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) January 2015 TIDM Value traded ( ) Number of trades Volume traded Value traded ( ) % Number of trades % Volume traded % Average trade size ( ) Time weighted average spread (bp) PHAU 426,519,879 6,940 5,303, % 12.9% 0.4% 61, CRUD 322,318,232 5,126 39,554, % 9.5% 3.3% 62, GBS 266,729,306 4,056 3,318, % 7.5% 0.3% 65, SGLD 263,027,948 2,614 3,237, % 4.9% 0.3% 100, BRNT 76,576, ,602, % 1.6% 0.3% 90, PHPM 74,094, ,172, % 0.2% 0.1% 779, ALUM 69,081, ,787, % 0.3% 2.8% 463, PHAG 62,073, ,860, % 1.0% 0.5% 117, PHPT 61,606, , % 1.2% 0.1% 94, PHGP 59,907,094 2, , % 4.5% 0.1% 24, Note: Time weighted average spread uses best bid and best offer prices from the order book London Stock Exchange Group Page 5 *Includes non-order book trades reported to the London Stock Exchange on-exchange

6 Trade Size Stats January Average order book trade size for ETFs was 38k Average order book trade size for other ETPs was 30k London Stock Exchange Group 9 February 2015 Page 6

7 New Products January TIDM Instrument name ISIN Code First trading date Currency USRE ISHARES MSCI TARGET US REAL ESTATE IE00BRHZ USD EFIE SOURCE GOLDMANS SACHS EFI EURO UCITS ETF IE00BMW3NY GBX USPR ISHARES MSCI TARGET US REAL ESTATE IE00BRHZ GBX NXKE NOMURA NIKKEI 225 EUR-HEDGED UCITS ETF IE00BSKS1J EUR NXKU NOMURA NIKKEI 225 USD-HEDGED UCITS ETF IE00BSMSXM USD REQR SOURCE R EQUAL-RISK EUROPEAN EQUITY ETF IE00BRK94N GBX MSEU EURO STOXX 50 USD MONTHLY HEDGED FR USD IEQU ISHARES MSCI EUROPE QUALITY FACTOR IE00BQN1K EUR IEFQ ISHARES MSCI EUROPE QUALITY FACTOR IE00BQN1K GBX IEMO ISHARES MSCI EUROPE MOMENTUM FACTOR IE00BQN1K EUR IEFM ISHARES MSCI EUROPE MOMENTUM FACTOR IE00BQN1K GBX IEVL ISHARES MSCI EUROPE VALUE FACTOR IE00BQN1K EUR IEFV ISHARES MSCI EUROPE VALUE FACTOR IE00BQN1K GBX IESZ ISHARES MSCI EUROPE SIZE FACTOR IE00BQN1KC EUR IEFS ISHARES MSCI EUROPE SIZE FACTOR IE00BQN1KC GBX IDTL ISHARES $ TREASURY BOND 20+YR UCITS ETF IE00BSKRJZ USD IBTL ISHARES $ TREASURY BOND 20+YR UCITS ETF IE00BSKRJZ GBX E20Y ISH EURO GOVERNMENT BOND 20YR TARGET DUR IE00BSKRJX EUR EG20 ISH EURO GOVERNMENT BOND 20YR TARGET DUR IE00BSKRJX GBX London Stock Exchange Group Page 7

8 Product Growth Number of new listings year on year ETFs ETPs London Stock Exchange Group Page 8

9 Products by Issuer Issuer Number of ETFs Ranking ishares DB X-Trackers Lyxor 92 3 UBS ETF 69 4 SSGA SPDR 59 5 Amundi ETF 44 6 Source 43 7 HSBC ETFS 28 8 Invesco Powershares 16 9 Vanguard Go UCITS ETF Ossiam 7 12 Pimco 7 12 RBS Market Access 6 13 WisdomTree 6 13 First Trust 4 14 Nomura 2 15 Ashmore 2 15 Finex 1 16 Fundlogic Alternatives 1 16 Total 761 Issuer Number of Other ETPs Ranking ETF Securities UBS AG 66 2 Boost ETP 39 3 DB ETC 18 4 Barclays Bank 13 6 ishares 4 7 Source 4 7 Codeis Securities 1 8 Total 359 London Stock Exchange Group Page 9 *Data as of 2nd February 2015

10 Issuer Turnover (ETFs) January Issuer Value traded ( ) Trades Volume Value traded % Trades % Volume % Ranking ishares 12,783,709, , ,297, % 64.5% 60.2% 1 db x-trackers 2,352,914, , ,635, % 8.1% 16.6% 2 Vanguard 1,809,328, ,221 66,215, % 6.3% 7.4% 3 Source 1,144,549, ,793 24,919, % 5.7% 2.8% 4 SSGA SPDR 1,021,312, ,173 24,874, % 5.9% 2.8% 5 HSBC ETFs 442,881, ,869 31,229, % 3.7% 3.5% 6 Pimco Fixed Income Source ETFs plc 351,486, ,320, % 0.4% 0.6% 7 Lyxor 331,005, ,633 20,748, % 1.5% 2.3% 8 UBS ETF 267,348, ,262 14,700, % 0.9% 1.7% 9 Go UCITS ETF Solutions 193,217, ,741 11,985, % 2.0% 1.3% 10 Amundi ETF 89,330, ,696, % 0.3% 0.3% 11 Powershares 44,195, ,932, % 0.4% 0.3% 12 First Trust Global Funds 4,913, , % 0.1% 0.0% 13 Ossiam 4,474, , % 0.0% 0.0% 14 WisdomTree 3,967, , % 0.1% 0.0% 15 RBS 1,553, , % 0.0% 0.0% 16 Finex Funds 1,470, , % 0.0% 0.0% 17 Fundlogic 224, , % 0.0% 0.0% 18 Nomura 64, % 0.0% 0.0% 19 Ashmore 35, % 0.0% 0.0% 20 Total 20,847,985, , ,308,859 London Stock Exchange Group Page 10

11 Issuer Turnover (Other ETPs) January Issuer Value traded ( ) Trades Volume Value traded % of market Trades % of market Volume % of market Ranking ETF Securities 2,006,936,799 43,671 1,173,273, % 81.2% 99.1% 1 Source 301,377,595 3,218 3,808, % 6.0% 0.3% 2 Boost ETP / WisdomTree 69,235,969 4,422 2,129, % 8.2% 0.2% 3 DB ETC 56,902, , % 1.9% 0.1% 4 ishares 50,875,706 1,287 3,162, % 2.4% 0.3% 5 Societe Generale 8,107, , % 0.1% 0.0% 6 UBS AG 4,965, , % 0.1% 0.0% 7 Barclays Bank 329, , % 0.1% 0.0% 8 Total 2,498,729,700 53,786 1,183,723,197 London Stock Exchange Group Page 11

12 Leading European market: Net New Assets 6 out of the top 10 European ETPs ranked by YTD inflows were London Stock Exchange-listed Source: BlackRock ETP landscape (January 2015) London Stock Exchange Group Page 12

13 Contact details Exchange Traded Products London Stock Exchange 10 Paternoster Square London EC4M 7LS Tel: +44 (0) London Stock Exchange Group Page 13