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 Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).