HypoVereinsbank (HVB) is launching an exchange-traded fund (ETF) tracking the FTSE index, to reinforce its claim to be Europe's leading provider.

Vassili Pappas, head of equity-linked products trading at HVB says: 'Last year our IndEXchange funds accounted for 47% of all ETF turnover. Today, they are accounting for 63%. It's a lead that we want to build on.'