Deutsche Börse Receives Four Global ETF Awards
Awards for Deutsche Börse as the exchange with the largest number of ETF listed products, as the most proactive exchange for ETFs, the largest exchange for ETFs by turnover and the most innovative ETF index provider
This year’s Global ETF Awards in New York saw Deutsche Börse receive awards in the following categories for the fifth consecutive time: “Exchange with the largest number of ETF listed products Europe”, “Most Proactive exchange for ETFs Europe” and “Largest exchange for ETFs Europe (by turnover)”. Deutsche Börse also received the award as “Most innovative ETF Index provider Europe” for the second time in a row.
The “5th Annual Global ETF Awards” was organized by exchangetradedfunds.com, an information provider based in New York which specializes in exchange traded index funds. The Global ETF Awards are presented to innovative companies that make outstanding contributions to the development of the ETF market. The awards are decided by international entities from the ETF industry, and based on statistics.
Xetra, Deutsche Börse’s fully-electronic pan-European trading platform, is Europe’s largest trading venue for exchange traded funds with a market share of 39 percent. Out of 14 issuers, its product offering is the largest in Europe, currently with 445 ETF and 136 ETC listings. It enables investors to compile a broadly diversified portfolio of equities, bonds and commodities with low transaction costs. More than 250 market participants from 18 countries have access to trading in index products at Deutsche Börse.
Deutsche Börse’s Market Data & Analytics division develops, calculates and disseminates around 3,000 indices, making it one of the world’s most renowned index providers. The Deutsche Börse indices have clear and transparent index rules and are aimed at tradable and liquid securities. This makes them attractive for investors, product developers and issuers the world over. Over €11 billion is invested in ETFs based on Deutsche Börse indices. DAXglobal® Russia index is one of the world’s most successful underlyings for ETFs. The world’s first ETFs to be issued on derivative strategy indices are based on Deutsche Börse’s DAXplus® Covered Call and DAXplus® Protective Put indices.
ETFs have developed into one of the most successful financial products in Europe within nine years. Thanks to continual cash inflows, Deutsche Börse’s XTF segment has recorded excellent growth rates since its launch in April 2000. Fund assets reached the record level of €81.3 billion as of the end of December 2008 – in spite of the financial crisis – and were thus 26 percent above the prior-year level (Dec. 2007: €64.3 billion). In contrast, the MSCI World Index lost 39 percent in the same period. The growth has been driven by increasing recognition and the variety of uses for ETFs and ETCs, which can be used in a growing number of markets and regions thanks to numerous new product launches.
Total annual turnover reached a new record level in 2008, of €123.5 billion, a year-on-year increase of 13 percent. The average monthly trading volume in 2008 was over the €10 billion mark for the first time, with October the best month of the year with over €16 billion.
Turnover and assets under management decreased slightly in the first quarter of 2009. Assets under management fell by 7 percent to €75.4 billion by the end of March 2009. The average trading volume for the first three months of the year amounted to €9.0 billion.
About exchange traded funds:
ETFs follow a passive investment strategy and track the performance of indices and markets. They stand for transparency, flexibility and liquidity, and give investors the option of investing in asset classes which are not easily accessible for all investors. Investors now profit from a large number of innovative and cost-effective investment opportunities, from commodities markets through credit derivatives and money-market ETFs to short and leverage strategies.
DAXglobal® Russia, DAXplus® Covered Call, DAXplus® Protective Put and Xetra® are registered trademarks of Deutsche Börse AG.
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