Borsa Italiana celebrates 10 years of ETF in Italy

Oct 02 2012 - 18:13

Borsa Italiana celebrates 10 years of ETF trading in Italy

- Growth from 8 ETFs in 2002 to 614 in 2012
- €0.5 billion in assets under management (AUM) in 2003 to €17.8 billion in 2012
- Increase in compound annual growth rate (CAGR) of 64% and a 54% rise in turnover on ETFplus
- Borsa Italiana leader in Europe for the number of trades and third for turnover

Borsa Italiana celebrates 10 years since the first Exchange Traded Fund (ETF) was admitted to its markets. ETFs made their debut in Italy in 2002 and have seen constant year-on-year growth. In August 2012 AUM reached €18 billion with a CAGR of over 50% since 2003. ETFplus now has 11 issuers and 614 listed ETFs.

Since 2005, Borsa Italiana has been the leading stock exchange for electronic trading of ETFs in Europe. A decade after the first ETF was launched; over 15 billion contracts have been traded on ETFplus, with a turnover of €371.3 billion.

Pietro Poletto, Head of ETFplus maket, Borsa Italiana said:
“The Italian market for ETFs is one of the leaders in Europe. The great success achieved by ETFs in Italy has its roots in the simplicity and flexibility of trading as well as the possibility of trading in real time through the Borsa Italiana platform. Borsa Italiana has been at the forefront of the growth of the European market for these products and continues to offer education for investors as well as a transparent market. The positive response from investors, issuers and intermediaries with whom we have worked closely, shows the positive effect Borsa Italiana has had in enhancing and growing the ETF market in these 10 years.”

ETFplus - Main figures

Issuers, daily average of contracts and turnover

2002 – 4 issuers; 8 ETF; 81 trades; €3.3million

2007 – 8 issuers; 208 instruments (171 ETF, 37 ETC); 5,305 trades; €126.2 million

2012 – 11 issuers; 798 instruments (614 ETF, 172 ETC, 12 ETN); 11,400 trades, €242.8 million

AUM in Italy

At the end of 2003: €0.5 billion

At the end of 2007: €10 billion

At the end of 2012: €17.80 billion