18 ETFs Launch in London

Eighteen exchange traded funds (ETFs) were launched on the London Stock Exchange (LSE), increasing the index’s offerings by one-third. This brings the total number of ETFs to 76. One of the newly-launched ETFs gives investors access to Latin America: Deutsche Bank’s MSCI Latin America ETF. Deutsche Bank representatives say they plan to provide U.K. investors with more innovation and choice through ETFs with strategies, such as short indexes and asset classes like bonds and commodities. The value traded in ETFs on the LSE during the first half of this year increased by 79% on the first half of 2006, according to the LSE. The number of U.K. institutions using ETFs has grown by 58% in the last two years.