Top ten traded ETFs during ISA season
The 2015/16 tax year ended on 5 April, from which we can reveal global stock market and oil ETFs dominated as the most traded ISA-eligible ETFs on our share dealing platform during ISA season.
This followed on from the launch of our ISA offer on 1 March 2016. which allowed clients to trade ISA-eligible ETFs commission free until 30 April 2016.*
Most traded ISA-eligible ETFs1
- iShares Core FTSE 100 UCITS ETF (Dist)
- WisdomTree Short WTI Crude Oil
- Xtrackers ShortDAX Daily Swap UCITS ETF 1C
- L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF
- VMVL-UK
- ETFS Brent Crude
- L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF
- Boost US S&P500 3x Short Daily ETP
- Boost WTI Oil 3x Short Daily ETP
- WisdomTree WTI Crude Oil
Chris Beauchamp, senior market analyst comments;
'The findings reflect the divergent opinions among investors regarding the next moves for both global stock markets and the oil price. It is clear some expect further gains in stocks, after the recovery that began in February, while others are sceptical the global economic backdrop and earnings outlook warrant such a strong rebound in bullish sentiment.
'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. However, those looking at ETFs that aim to profit from a fall in the price of oil have instead looked at resilient US inventory stockpiles, which even after their recent falls still remain near record highs. These oil bears also think that OPEC will not be able to cobble an agreement together, especially given Iranian production is only just warming up, while output from Saudi Arabia is still near recent highs.'
Commission-free ISA offer
Launched on 1 March, our ISA offer allows new and existing customers to trade from a range of more than 1,000 ETFs2 commission free, giving investors access to a comprehensive range of equity indices, sectors, fixed income, commodities and more.
Investors can also trade more than 7,500 individual stocks at very competitive commission rates. To take advantage of the offer, customers need to open or have an IG Stocks and Shares ISA account before 30 April 2016. The length of this offer allows investors to take advantage of commission free trading in both this tax year as well as the last tax year.
Find out more about our Stocks and Shares ISA here.
* From 1 March 2016 until 30 April 2016, there was no commission charged on the purchase or sale of any ISA-eligible exchange traded product (ETP) available in an IG ISA.
1 Based on the notional value of trades in pounds.
2 Please read the prospectus or key investor information document (KIID) before investing in any ETP.
