With 1,000 ETFs now trading on Xetra, the Deutsche Bourse’s electronic trading platform, the exchange remains the leading trading venue for ETFs in Europe. Xetra has a 38% share of the European ETF market, according to the exchange.
Five new equity index ETFs offered by db X-trackers put the number of ETFs over the top. They include ETFs that track the MSCI Bangladesh, Pakistan, Philippines and Singapore indices, and an ETF that tracks the MSCI Japan Monthly Euro Hedged Index.
“The drivers of growth are the increasing awareness of ETFs and their variety of uses,” said Rainer Riess, managing director of Xetra market development at Deutsche Bourse. “Thanks to high liquidity, investors benefit from high transparency and low transaction costs in Xetra trading.”
“Together with ETF providers, Deutsche Bourse has succeeded in developing the ETF from a niche product to an industry standard in Europe in little more than 10 years,” said Thorsten Michalik, head of db X-trackers, Deutsche Bank Exchange Traded Funds.