IG most traded ETFs in March: global stock market, oil

IG most traded ETFs in March: global stock market, oil

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The most traded exchange traded funds (ETFs) on the platform of the second-largest broker in terms of capitalization – IG Group, were those of the global stock market and oil, shows a statement the broker published on its website.

The ranking is based on the notional value of trades in pounds:

1. iShares FTSE 100 UCITS ETF Inc
2. ETFS Daily Short WTI Crude Oil
3. db x-trackers ShortDAX Daily UCITS ETF
4. ETFX FTSE 100 Super Short Strategy 2x Fund
5. Vanguard Global Minimum Volatility UCITS ETF
6. ETFS Brent Crude
7. ETFX FTSE 100 Leveraged 2x Fund
8. Boost US S&P500 3x Short Daily ETP
9. Boost WTI Oil 3x Short Daily ETP (GBP)
10. ETFS WTI Crude Oil

The data was gathered in March, after on March 1 IG Group launched an Individual Savings Account (ISA) season offer. It allowed the IG clients to trade ISA-eligible ETFs on the broker’s platform, commission free. The offer includes a range of more than 1000 ETFs and provides investors with a comprehensive variety of equity, indices, sectors, fixed income, commodities, etc.

“The findings reflect the divergent opinions among investors regarding the next moves for both global stock markets and the oil price. It is clear that some expect further gains in stocks, after the recovery that began in February, while others are skeptical that the global economic backdrop and earnings outlook warrants such a strong rebound in bullish sentiment,” said Chris Beuchamp, senior market analyst. “As to oil prices, a similar mood prevails. Hopes of an OPEC production freeze, which are still to be met, together with signs of an increase in demand for gasoline in the US, provided the reasons to be optimistic.”

To take advantage of the offer, IG’s clients need to open or have an IG Stocks and Shares ISA account before April 30, 2016, when it ends. Thus they can take advantage of commission-free trading both in the past and the new tax year.

ISA is a class of retail investment arrangements available to residents of the United Kingdom. It qualifies for a favorable tax status. Such accounts are exempt from income tax and capital gain tax on investment returns and payments into it are made from after-tax income. No tax is payable on money, withdrawn from the account. Within the ISA can be made a broad range of investments.

Recently IG Group reported record-high revenue for Q3 of fiscal year 2015-2016, which ended on April 5.

London-based IG Group was set up in 1974 as a spread betting provider, the first UK-based one at the time. Since then it has expanded to also offer trading in contracts for difference (CFDs), forex, binaries, and stocks.

It has more than 136,000 clients that are served from offices in 17 countries across the EU, the US, Asia, and Africa. The group operated under the IG brand worldwide, and as the Nadex derivatives exchange in the US, after in 2012 it merged the brands IG Index and IG Markets into a single one – IG.

IG Group’s lead regulator is the UK’s Financial Conduct Authority (FCA), but its subsidiaries are also regulated by the relevant authorities in the countries where they operate. It is also a licensed bookmaker by the UK’s Gambling Commission.

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