UK - The London Stock Exchange (LSE) has seen the launch of 19 new exchange traded funds (ETFs) from Barclays Global Investors' iShares and Deutsche Bank's db x-trackers.
The order book value of ETF trading rose 67% in the first half of the year, to £7.3bn (US$14.4bn), from £5.3bn in the first half of last year.
Pietro Poletto, head of ETF and ETC markets, London Stock Exchange Group, said: "So far in 2008 we have seen the four busiest ever days in ETF trading on our order books and listed a total of 59 new ETFs on our Main Market.
"The arrival of 19 new ETFs in just one day reflects the dynamism of the UK ETF market and means that these highly efficient instruments can now be used to execute an even broader range of investment strategies."
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.