BSE looks to stimulate ETFs trading

This comes on the backdrop of a 95 percent decline in ETF trading turnover in the first quarter of the year compared to the same period last year.

According to figures provided by the BSE, the volume of ETF units traded was 58,664 in the first quarter of 2016 while the turnover registered was P7.4 million. Over the same period in 2015, the number of units traded amounted to 2.39 million yielding a turnover of P126.5 million. Hardest hit by the investor apathy was the recently listed NewFunds ILBI ETF, which has not traded since listing on the BSE on 18 November 18, 2015.