Borsa Italiana celebrates 10 years of ETF trading in Italy

Oct 23rd, 2012 | By | Category: ETF and Index News

Borsa Italiana, Italy’s main stock exchange and part of the London Stock Exchange Group, has celebrated the 10-year anniversary of its first exchange-traded fund (ETF) listing.

Borsa Italiana celebrates 10 years of ETF trading in Italy (© Luca Volpi)

Borsa Italiana has celebrated 10 years of ETF trading in Italy.

ETFs made their debut in Italy in 2002 and have enjoyed constant year-on-year growth since then.

From just eight ETFs at the end of 2002 with €500 million in assets under management, the Milan-based exchange has grown to over 600 ETFs today with assets of around €18 billion. This translates into a compound annual growth rate of over 50%.

A decade after the first ETF was launched, over 15 billion contracts have been traded on ETFplus, the name for Borsa Italiana’s ETF platform, with a turnover of €371.3 billion.

Pietro Poletto, Head of ETFplus maket, Borsa Italiana, said: “The Italian market for ETFs is one of the leaders in Europe. The great success achieved by ETFs in Italy has its roots in the simplicity and flexibility of trading as well as the possibility of trading in real time through the Borsa Italiana platform.”

He added: “Borsa Italiana has been at the forefront of the growth of the European market for these products and continues to offer education for investors as well as a transparent market. The positive response from investors, issuers and intermediaries with whom we have worked closely, shows the positive effect Borsa Italiana has had in enhancing and growing the ETF market in these 10 years.”

Since the debut launch back in 2002, there are now a total of 11 ETF providers active on the exchange, including Amundi, Credit Suisse, db X-trackers, ETF Securities, iShares, Lyxor, Ossiam, PowerShares, SPDR, RBS and UBS.

Tags: , , , , , , , , , , , , ,

Leave a Comment



More in ETF and Index News
Lyxor announces product enhancement programme
Lyxor announces product enhancement programme

Arnaud Linas, global head of ETFs & indexing at Lyxor, announces a full review of Lyxor's ETF range, including changes to fund structure,...

Deutsche’s US ETFs renamed Xtrackers
Deutsche Asset Management’s US ETF line-up rebranded as Xtrackers

Deutsche Asset Management has announced that it is renaming its range of US-listed ETFs to Xtrackers to harmonise the fund names with the...

Close