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

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

2 Highlights Listings 2 new ETF were listed on London Stock Exchange in May 2014 There are now 687 ETFs (available as 1,048 lines through multi-currency offerings) and 354 ETCs/ETNs (available as 403 lines) on our London market Trading activity Total on-exchange value traded for ETFs in May 2014 was 10.8 billion Total on-exchange value traded for other ETPs (ETCs and ETNs) in May 2014 was 1.0 billion 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 Leading European market: Turnover London Stock Exchange ETF trading is the largest in Europe with 27.4% market share in May 2014 Source: Deutsche Bank Europe Monthly ETF Market Review- June 2014 Turnover figures are in million Euros London Stock Exchange Group Page 3

4 London ETF market growth Total ETF/ETP annual on-exchange turnover for May 2014 was 12 billion with 165k trades 200, ,000 Number of Trades Turnover (millions) 16,000 12, ,000 8,000 50,000 4, London Stock Exchange Group Page 4

5 Top 10 Most Traded Products (order book) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) May 2014 Value traded ( ) % Number of trades % Volume traded % of Average trade size Time weighted TIDM Value traded ( ) Number of trades Volume traded of market of market market ( ) average spread (bp) ISF 437,240,233 11,085 63,991, % 12.88% 34.65% 39, IEMB 149,154, ,209, % 1.80% 1.20% 96, IUSA 100,416,782 1,088 8,960, % 1.26% 4.85% 92,295 6 IHYG 90,730, ,011, % 6.93% 0.55% 15, MIDD 76,038,190 2,232 4,934, % 2.59% 2.67% 34, IDUS 61,277, ,484, % 2.68% 2.97% 26, IDWR 60,757, ,845, % 1.61% 1.54% 43, IEEM 60,313, ,550, % 0.94% 1.38% 74, VUKE 54,322, ,753, % 0.52% 0.95% 120, IWRD 53,514, ,500, % 0.97% 1.35% 63, Top 10 Most Actively Traded ETPs on London Stock Exchange (by Value Traded) May 2014 Value traded ( ) % Number of trades % Volume traded % of Average trade size Time weighted TIDM Value traded ( ) Number of trades Volume traded of market of market market ( ) average spread (bp) PHAU 67,156,116 3, , % 19.43% 1.38% 20,550 4 GBS 44,342,571 2, , % 15.75% 0.92% 16, XGLD 17,789, , % 1.39% 0.36% 76, SGLD 13,191, , % 2.06% 0.27% 38, PHPD 11,098, , % 1.07% 0.36% 61, PHGP 10,554, , % 3.91% 0.22% 16, NICK 9,362, , % 1.12% 1.12% 49, PHPT 8,217, , % 1.28% 0.15% 38, LBUL 8,068, , % 0.87% 0.40% 55, AIGA 7,909, ,679, % 1.28% 2.56% 36, London Stock Exchange Group Page 5 Note: Time weighted average spread uses best bid and best offer prices from the order book

6 Top 10 Most Traded Products (on-exchange*) Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) May 2014 Value traded ( ) % Number of trades % Volume traded % of Average trade size Time weighted TIDM Value traded ( ) Number of trades Volume traded of market of market market ( ) average spread (bp) ISF 805,856,342 14, ,948, % 10.51% 19.18% 54, IEMB 550,360,068 1,709 8,198, % 1.20% 1.33% 322, IDUS 517,660,315 2,497 46,237, % 1.76% 7.52% 207, IHYU 302,229,799 1,456 4,528, % 1.03% 0.74% 207, IHYG 295,335,030 6,171 3,290, % 4.35% 0.54% 47, CSPX 283,306, ,794, % 0.03% 0.45% 5,781, MIDD 263,279,367 4,018 17,151, % 2.83% 2.79% 65, IEEM 257,110,261 1,703 10,821, % 1.20% 1.76% 150, IUSA 249,890,166 3,210 22,320, % 2.26% 3.63% 77,847 6 VDJP 234,747, ,988, % 0.03% 2.76% 5,868, Top 10 Most Actively Traded ETPs on London Stock Exchange (by Value Traded) May 2014 Value traded ( ) % Number of trades % Volume traded % of Average trade size Time weighted TIDM Value traded ( ) Number of trades Volume traded of market of market market ( ) average spread (bp) PHAU 193,776,932 3,587 2,630, % 15.30% 2.65% 54,022 4 SGLD 119,845, ,604, % 1.65% 1.62% 309, GBS 100,610, ,371, % 12.24% 1.38% 35, PHPD 78,705, ,663, % 1.32% 1.67% 253, PHGP 76,176, ,022, % 8.52% 1.03% 38, PHPT 48,428, , % 1.52% 0.58% 135, SPAL 45,094, , % 0.16% 0.95% 1,218, NICK 23,728, ,947, % 1.08% 1.96% 93, SPPT 23,162, , % 0.12% 0.27% 857, XGLD 18,540, , % 1.10% 0.25% 71, Note: Time weighted average spread uses best bid and best offer prices from the order book London Stock Exchange Group Page 6 *Includes non-order book trades reported to the London Stock Exchange on-exchange

7 Trade Size Stats May Average order book trade size for ETFs was 35,534 Average order book trade size for other ETPs was 19,623 London Stock Exchange Group 12 June 2014 Page 7

8 New Products May TIDM Instrument name ISIN Code First trading date Currency CASH ETFS-E FUND MSCI CHINA A IE00BHBFDF USD MLPI ETFS US ENERGY INFRASTRUCTURE MLP IE00BHZKHS USD London Stock Exchange Group Page 8

9 Product Growth Number of new listings year on year ETFs ETPs London Stock Exchange Group Page 9

10 Products by Issuer Issuer Number of ETFs Ranking ishares DB X-Trackers Lyxor 81 3 UBS ETF 62 4 Amundi ETF 42 5 SSGA SPDR 39 6 Source 34 7 HSBC ETFS 26 8 Invesco Powershares 15 9 Go UCITS ETF Vanguard 9 11 Ossiam 7 12 Pimco 6 13 RBS Market Access 6 14 First Trust 3 15 Finex 1 16 Total 687 Issuer Number of Other ETPs Ranking ETF Securities UBS AG 66 2 Boost ETP / WisdomTree Europe Ltd DB ETC 18 4 BARCLAYS BANK PLC 13 5 ishares 4 6 SOURCE PLC 4 7 CODEIS SECURITIES SA 1 8 Total 354 London Stock Exchange Group Page 10 *Data as of 9 June 2014

11 Issuer Turnover (ETFs) May May Issuer Breakdown (ETFs) Issuer Value traded ( ) Trades Volume Value traded % of market Trades % of market Volume % of market ishares 7,785,944,617 94, ,471, % 66.48% 66.91% 1 DB X-Trackers 662,080,828 11,119 68,164, % 7.84% 11.08% 2 Vanguard 636,401,239 7,227 32,011, % 5.10% 5.21% 3 HSBC ETFS 436,847,864 7,289 44,766, % 5.14% 7.28% 4 Source 352,425,557 6,041 11,289, % 4.26% 1.84% 5 SSGA SPDR 348,887,023 7,732 11,382, % 5.45% 1.85% 6 Lyxor 281,981,254 1,911 26,305, % 1.35% 4.28% 7 Go UCITS ETF 91,639, ,229, % 1.69% 0.53% 8 Pimco 56,359, , % 0.46% 0.14% 9 Invesco Powershares 38,986,024 1,655 3,455, % 1.17% 0.56% 10 Amundi ETF 38,027, , % 0.30% 0.11% 11 UBS 27,426, ,058, % 0.61% 0.17% 12 Ossiam 6,355, , % 0.03% 0.01% 13 First Trust 4,042, , % 0.09% 0.04% 14 RBS Market Access 709, , % 0.03% 0.00% 15 Finex 277, , % 0.01% 0.00% 16 Total 10,768,392, , ,999,103 Ranking London Stock Exchange Group Page 11

12 Issuer Turnover (Other ETPs) May May Issuer Breakdown (Other ETPs) Issuer Value traded ( ) Trades Volume Value traded % of market Trades % of market Volume % of market Ranking ETF Securities 733,828,137 20,634 94,723, % 88.02% 95.37% 1 Source 188,492, ,829, % 2.04% 2.85% 2 DB ETC 33,055, , % 2.80% 0.52% 3 Boost ETP / WisdomTree Europe Ltd. 12,321, , % 3.58% 0.41% 4 ishares 9,340, , % 3.28% 0.65% 5 UBS AG 3,685, , % 0.03% 0.00% 6 Codeis Securities 415, , % 0.03% 0.01% 7 Barclays Bank 314, % 0.22% 0.19% 8 Total 1,392,232,447 29, ,880,141 London Stock Exchange Group Page 12

13 Leading European market: Net New Assets 5 out of the top 10 European ETPs ranked by YTD inflows were London Stock Exchange-listed Source: BlackRock ETP landscape (May 2014) London Stock Exchange Group Page 13

14 Fixed Income ETFs - product range and turnover With over 50% market share, LSE has by far the highest on-exchange turnover for fixed income ETFs in Europe There are more than 145 fixed income ETFs listed on the LSE 75% of the European top 20 fixed income ETFs by value traded are LSE listed LSE Top 10 fixed income ETFs by weekly on-exchange turnover ( million) Deutsche Börse Table: Deutsche Bank European Weekly ETF Market Review June 2014 London Stock Exchange Group

15 Leading European market: Commodity Products London Stock Exchange ETC market has the highest turnover market share in onexchange ETC trading Source: Deutsche Bank Europe Monthly ETF Market Review- June 2014 Turnover figures are in million Euros London Stock Exchange Group Page 15

16 Contact details Exchange Traded Products London Stock Exchange 10 Paternoster Square London EC4M 7LS Tel: +44 (0) London Stock Exchange Group Page 16