SPA boosts ETF listings on LSE

The removal of stamp duty payable on ETFs has catalysed the development of the ETF market in the UK, says David Shrimpton, head of Product Management and Development at SPA.

During the first six months of this year, ETF trades on the LSE reached £15.6 billion in value, a 79 percent increase on the equivalent period in 2006. This month's new issues bring the number of ETFs traded on the LSE to 79, and follow the significant boost offered by the launch of 18 new funds last week by Deutsche Bank.

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