The first exchange traded product to track FTSE Emerging EMEA 40 index has been listed on the London Stock Exchange.
Launched by ETF provider, Source in collaboration with BofA Merrill Lynch, the index is calculated and managed by FTSE and offers exposure to the 40 largest and most liquid stocks in the emerging countries of the European, Middle East and African (EMEA) region.
The London Stock Exchange today confirmed that it now offers trading in more emerging markets ETFs than any other exchange in the world. There were a total of 158 emerging market ETFs listed on the Exchange in May 2011 compared with 126 on the New York Stock Exchange (NYSE Arca) and 93 on Deutsche Boerse1.
Pietro Poletto, Head of ETFs and ETPs at London Stock Exchange Group, said: "The London Stock Exchange has long been a hub for emerging markets business, both in terms of issuance and investment. These figures prove that these credentials extend to our ETF offering, which is the largest in the world by emerging markets products. The Source ETF listing further enhances that range, offering investors exposure to a new index on a well established and highly liquid platform."
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