ETF Exchange, the third generation ETF platform of ETF Securities (ETFS), has seen assets under management reach over $275m, marking an 84% rise in the last two months.
The ETF provider says resource-equity related ETFs are among the best performing, with its Russell Global Coal Mining fund up 109% year to date.
Trading volumes have hit over $100m a week at the start of the fourth quarter, which ETFS says has been bolstered by leveraged and short ETFs.
Weekly turnover in two times short and two times leveraged equity ETFs has also increased four-fold since the end of the second quarter.
Commodity based ETFs have risen substantially since the start of the year, achieving average growth of around 42% year to date. ETFS says high beta commodities have benefited from a rebound in cyclical activity.
In terms of sector, basic resources has been the strongest performing of the Stoxx 600 segments so far in 2009, outperforming other sectors by 50 percentage points year to date.
ETF Exchange CEO Mark Weeks says: "The ETF Exchange has seen rapid growth in terms of product breadth, trading liquidity and returns since its inception in the December quarter of 2008."
The third generation platform uses a range of financial institutions to provide the swap for the ETFs, in order to mitigate counterparty risk and enhance levels of transparency and liquidity.
‘Gareth Southgate Wealth Management’
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