FTAdviser.com

Advertising

Similarly, European fixed income ETF turnover rose by 37.5 per cent to €168m, with money market ETFs continuing to be the main focus. Total exchange-based European ETF turnover is currently €1.54bn.

The increase in turnover was accompanied by the launch of 12 new ETFs from Lyxor, SPA and Crédit Agricole Structured Asset Management.

Deutsche Bank said the Deutsche Borse XTF platform continued to dominate, with a 32.8 per cent share of the ETF market.

The London Stock Exchange’s combined Italian Exchange and London market share now stands at 20.8 per cent, according to the bank.

Yvonne Sandford, researcher at Deutsche Bank, said style ETFs - those linked closely to different share indices - were becoming more popular in Europe.

“Similar to trends in the US, style ETFs led by short and leveraged products have grown and are now the third-largest segment in the European ETF market, with 22 per cent of total turnover.”