ETF Securities (ETFS), announced that the AUM of …
its platform of equity ETFs now exceeds $100m, with trading volumes continuing to rise at a fast pace.
The most popular funds on the platform to date are the ETFS Russell Global Gold Fund (Miners) (AUCO), providing exposure to 79 global mining companies, ETFS FTSE® 100 Leveraged (2x) Fund (LUK2) and ETFS FTSE® 100 Super Short Strategy (2x) Fund (SUK2), tracking 2x leveraged and 2x short versions of the UK leading benchmark the FTSE® 100.
Weekly trading volumes in ETF Securities’ 2x short and 2x leveraged ETFs continue to rise at a rapid pace, pushing through $70mn last week. ETFS Short and Leveraged ETF trading volumes have seen uninterrupted growth since their inception in late June. Last week, trading volumes in the 2x leveraged ETFs (particularly the FTSE 100 leveraged ETF) trended up, trading 3 times more than the 2x short ETFs, indicating that investors are becoming increasingly bullish and may be positioning for a further upswing in equities.
ETF Securities now offers a total of 21 equity ETFs on the ETF Exchange comprising Europe’s first complete platforms of resource-equity ETFs and double leveraged (2x) and double short (-2x) equity ETFs. These ETFs are listed on five European exchanges (London Stock Exchange, Irish Stock Exchange Deutsche Borse, Borsa Italiana, and Euronext Amsterdam) and traded in three currencies (GBP, USD and EUR). They are part of the ETF Exchange initiative, driven by client demand, for increased liquidity, innovative products and reduced credit risks and counter-party exposure. The ETFs are all swap-backed ETFs using multiple counterparties, allowing more efficient tracking, with collateral being held in excess of UCITS guidelines. This issuance model is arguably the most efficient and risk averse available today.
Source: ETFWorld.co.uk – ETF Securities
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