Today, President Trump published an order ordering the divestment by HieFo Corporation (“HieFo”), a Delaware corporation and foreign person of certain assets of EMCORE Corporation (“EMCORE”), a New Jersey corporation.  The assets that were the subject of the transaction comprised EMCORE’s digital chips and related wafer design, fabrication, and processing business, including a semiconductor manufacturing facility (the “EMCORE Digital Chips Business”).   The Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) reviewed and investigated this transaction pursuant to Section 721 of the Defense Production Act of 1950, as amended (“Section 721”). CFIUS identified a national security risk arising from the transaction relating to potential access to EMCORE’s intellectual property, proprietary know-how, and expertise and to the potential diversion of supply of indium phosphide chips manufactured by the EMCORE Digital Chips Business away from the United States.  To address this risk, the President’s order directs HieFo to divest all interests and rights in the EMCORE Digital Chips Business.    HieFo did not file the transaction with CFIUS until after CFIUS’s non-notified team investigated the transaction.  CFIUS’s non-notified function has been enhanced by authorities provided by Congress in FIRRMA and ongoing appropriations to support the Committee’s ability to identify and review non-notified transactions.  Parties to transactions should carefully consider whether or not any transaction they may be undertaking may be subject to CFIUS jurisdiction, including whether or not the transaction has a potential nexus to U.S. national security. The CFIUS process focuses exclusively on identifying and addressing national security risks arising from a covered transaction.  CFIUS's risk analysis involves consideration of the potential threat, vulnerability, and consequence of any given transaction.  CFIUS reviews each transaction on a case-by-case basis and considers the specific facts and circumstances relating to that transaction.  As such, the disposition of each CFIUS case is reflective only of CFIUS’s analysis of that specific transaction and not indicative of a general position on the transaction parties, countries, or industries involved.  CFIUS’s mandate to conduct case-by-case reviews is reflective of the U.S. Government’s commitment to maintaining its open investment policy while protecting U.S. national security. View a copy of the President’s order. ABOUT CFIUS CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States.  CFIUS is chaired by the Secretary of the Treasury and includes as members the Secretaries of State, Defense, Commerce, Energy, and Homeland Security, the Attorney General, the Director of the White House Office of Science and Technology Policy, and the U.S. Trade Representative.  The Director of National Intelligence and the Secretary of Labor participate as non-voting, ex-officio members, and the Secretary of the Department of Agriculture is a member when a case involves elements of the agricultural industrial base that have implications for food security.   Treasury’s Office of Investment Security leads CFIUS’s efforts to identify transactions where no voluntary notice has been filed under section 721 of the Defense Production Act of 1950, as amended. If CFIUS determines that a non-notified transaction may be a covered transaction or covered real estate transaction and may raise national security considerations, the Committee may contact the transaction parties and request a CFIUS filing.  Members of the public may contact Treasury with any tips, referrals, or voluntary self-disclosures at CFIUS.tips@treasury.gov. 

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced that its clients outperformed the S&P 500 Index in 2025, reflecting the benefits of cost efficiency, execution quality, and broad access to global markets. In 2025, Interactive Brokers’ individual clients achieved an average return of 19.20%, compared with the 17.9% return of the S&P 500 Index. During the same period, Interactive Brokers’ hedge fund clients achieved an average return of 28.91%, outperforming the index by approximately 11 percentage points. These results demonstrate how Interactive Brokers helps enhance client returns across the investment lifecycle. Global market access enables clients to allocate capital across various regions and asset classes, while lower trading and financing costs, along with efficient execution, help IBKR investors retain more of their returns over time. “Investment returns are not just about picking the right trades. They are influenced by the costs you pay, the prices you get, and how efficiently your capital is put to work,” said Thomas Peterffy, Founder and Chairman of Interactive Brokers. “When investors pay less in fees and trade with efficient execution, those advantages add up and compound over time. All of this is more evidence that the best-informed investors choose Interactive Brokers.” How Interactive Brokers Helped Support Client Success in 2025: Interest on uninvested cashIBKR clients can earn interest of up to USD 3.14% on uninvested cash balances, helping capital remain productive even when not fully invested. Low margin and financing costsIBKR clients benefit from margin rates as low as USD 4.14%, which is up to 55% lower than industry averages, improving capital efficiency over time. Global market accessIBKR clients can trade stocks, options, futures, currencies, bonds, and funds across 160+ global markets from a single, integrated platform. Professional-grade execution and toolsIBKR clients have access to advanced order types, smart routing, and institutional-quality trading tools that support efficient execution, transparency, and disciplined risk management. IBKR is Nasdaq-listed, a member of the S&P 500, and serves more than 4 million clients worldwide, with over $750 billion in client assets. The best-informed investors choose Interactive Brokers. To learn more about how IBKR helps clients invest efficiently, visit: For Individuals: Canada: IBKR Client Outperformance Singapore: IBKR Client Outperformance Hong Kong: IBKR Client Outperformance Australia: IBKR Client Outperformance United Kingdom and Dubai: IBKR Client Outperformance Europe: IBKR Client Outperformance India: IBKR Client Outperformance United States and all other countries served: IBKR Client Outperformance   For Hedge Funds:  Canada: IBKR Hedge Fund Outperformance Singapore: IBKR Hedge Fund Outperformance Hong Kong: IBKR Hedge Fund Outperformance Australia: IBKR Hedge Fund Outperformance United Kingdom and Dubai: IBKR Hedge Fund Outperformance Europe: IBKR Hedge Fund Outperformance India: IBKR Hedge Fund Outperformance United States and all other countries served: IBKR Hedge Fund Outperformance   Returns shown are based on aggregate data for Interactive Brokers accounts meeting minimum thresholds as of January 1, 2025 ($50,000 for individual accounts and $1,000,000 for hedge fund accounts). Results may vary significantly among clients. Comparisons to the S&P 500 are for informational purposes only.

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three-month period ending March 31, 2025 with comparison to the same period of 2024. BISX ALL SHARE INDEX For the three-month period ending March 31, 2025 the BISX All-Share Index closed at 3,026.26. This represents a year to date increase of 18.04 or 0.60%. By comparison, for the three-month period ending March 31, 2024 the BISX All-Share Index closed at 2,937.08. This represents a year to date increase of 85.44 or 3.00%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.  As at March 31, 2025 the market was comprised of 20 ordinary shares with a market capitalization of $6.67 Billion. In addition, there were 4 preference shares with a market capitalization of $60 million, 5 BGS and Corporate Bonds with a face value of $349 Million and 254 BGRS with a face value of $4.5 Billion. Click here for full details.

Monthly statistics including stock and derivative statistics; Volumes and Market cap Most traded companies Most active members Listings and member Attachments:Statistics_December_2025_summary_.pdf

The following notification is made in accordance with Rule 5.6 of the FCA's Disclosure Guidance and Transparency Rules. As at close of business on 31 December 2025, London Stock Exchange Group plc (LSEG) confirms that its share capital consists of a total 531,859,674 ordinary shares made up of: (i) 510,408,075 ordinary shares of 6 79/86 pence each (excluding treasury shares); and (ii) 21,451,599 ordinary shares held in treasury. Therefore, the total number of voting rights in LSEG on 31 December 2025 is 510,408,075. The above figure of 510,408,075 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, LSEG under the FCA's Disclosure Guidance and Transparency Rules.  

The following is the weekly trading summary for DFM Regulated Short Sell Transactions for the abovementioned period. ** No RSS Trades for the period from 29th December 2025 to 02nd January 2026. For further information on RSS, please check the DFM Market Rules Module Three Membership, Trading, And Derivatives Rules & Operational Model and Procedures for Implementation of Regulated Short Selling available at  http://www.dfm.ae/the-exchange/regulation/market-rules This Dubai Financial Market Announcement will be available on the website at  https://www.dfm.ae/the-exchange/news-disclosures/market-announcements

Trading volume of €1.755 trillion on the venues Frankfurt and Xetra Most traded stock in 2025 was Rheinmetall AG Rheinmetall, Hensoldt, Renk Group and Steyr Motors were the stocks with the highest trading volume in the German indices DAX, MDAX, SDAX und Scale All Share last year. This is shown by Deutsche Börse's cash market statistics for 2025. In total, an order book turnover of €1.755 trillion was achieved last year on the trading venues Deutsche Börse Frankfurt and Deutsche Börse Xetra. The total order book turnover for 2024 was €1.3 trillion.The stock with the highest order book turnover on Xetra in 2025 within the DAX was Rheinmetall AG with €116.33 billion, followed by SAP SE with €97.65 billion and Siemens AG with €67.11 billion. Hensoldt AG topped the MDAX index at €14.33 billion, while Renk Group AG led the SDAX with €2.50 billion. Steyr Motors AG ranked as the most traded share in the SME segment Scale with a volume of €450 million. In the ETF segment the iShares Core EURO STOXX 50 UCITS ETF generated the largest volume on Xetra with €10.73 billion in 2025.Order book turnover in December 2025 totalled €116.33 billion (previous year: €104.86 billion / previous month: €135.46 billion). Of this amount, €113.00 billion was traded on Xetra and €3.33 billion on Frankfurt. The average daily turnover on Xetra in December was €5.95 billion (previous year: €5.63 billion / previous month: €6.57 billion). Trading volumes 2025 in billion euros: Xetra Frankfurt Total Equities 1,354.17 23.56 1,377.73 ETFs/ETCs/ETNs 352.46 2.55 355.01 Bonds - 9.18 9.18 Funds - 0.65 0.65 Certificates - 13.10 13.10 2025 in total 1,706.63 49.04 1,755.67 2024 in total 1,269.08 41.85 1,310.93 Trading volumes December 2025 in billion euros:  Xetra Frankfurt Total Equities 83.60 1.56 85.16 ETFs/ETCs/ETNs 29.40 0.18 29.58 Bonds - 0.50 0.50 Funds - 0.05 0.05 Certificates - 1.05 1.05 Dec ‘25 in total 113.00 3.33 116.33 Dec ‘24 in total 101.33 3.53 104.86 Nov ’25 in total 131.40 4.06 135.46 Further details are available in Deutsche Börse’s cash market statistics. For a pan-European comparison of trading venues, see the statistics provided by the Federation of European Securities Exchanges (FESE).

The market opened for four trading days this week as the Federal Government declared Thursday January 1, 2026, as Public Holiday to commemorate the New Year Celebration. Meanwhile, a total turnover of 7.821 billion shares worth N134.471 billion in 150,799 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.876 billion shares valued at N63.832 billion that exchanged hands last week in 80,229 deals. Click here for full details.

Commissioner Caroline Crenshaw has devoted more than a decade of distinguished service to the Securities and Exchange Commission. Over those years, she has been a steadfast advocate for the agency’s mission – demonstrating clarity of purpose and generosity of spirit. Commissioner Crenshaw has listened carefully, engaged substantively, and approached every day with the purpose of safeguarding investors and strengthening our markets. Those qualities are hardly surprising when you consider Commissioner Crenshaw’s broader record of service beyond the agency. As a major in the U.S. Army Reserve JAG Corps, she brings to her work a spirit of duty and a sense of discipline that reflects the very best of what this country asks of those who serve it. We join our colleagues across the agency in thanking Commissioner Crenshaw for her service and in wishing her every success in the chapters ahead. We know that she will continue to have a profound and positive influence wherever her dedication leads her next, and we thank her once again for her exemplary service.

Nasdaq Nordic today publishes annual trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the trade statistics for full year 2025: The share trading increased by 9.0% to a daily average of 3.238bn EUR, compared to 2.971bn EUR in 2024. The average number of trades per business day increased by 7.3 % to 654,589 as compared to 609,795 in 2024. Derivatives trading increased by 2.6% to a daily average of 291,630 contracts, compared with 281,434 contracts in 2024. ETP trading3 (Exchange Traded Products) increased by 17.6 % to a daily average of 153.3m EUR compared to 130.3m EUR in 2024.   42 companies4 listed at Nasdaq Nordic and Baltics markets during 2025 (22 at Nasdaq Nordic and Baltics main market and 20 at First North) compared to 46 in 2024. There are 1,119 companies listed end of 2025 (675 at Nasdaq Nordic and Baltics Main market and 444 at First North) compared to 1,174 companies listed end of 2024. Novo Nordisk A/S was the most traded stock during 2025, followed by SAAB AB. Goldman Sachs Bank Europe SE was the most active member during 2025, followed by Morgan Stanley Europe SE. Nasdaq Nordic’s average share of order-book trading5 in our listed stocks decreased to 72.2%, compared to 72.6 % in 2024. Nasdaq Nordic’s average time at EBBO (European Best Bid and Offer6) during 2025 was:        For OMXC20 companies 77.0 %       For OMXH25 companies 84.1 %       For OMXS30 companies 85.2 %1) Nasdaq Copenhagen, Helsinki, Iceland and Stockholm2) Nasdaq Riga, Tallinn and Vilnius3) ETP trading figure includes Warrants, Certificates, ETF, ETN, ETC and AIF trading encompasses Nasdaq Copenhagen, Helsinki, Iceland and Stockholm.4) 42 listings –  Includes 9 switches from First North 2025 (9 switches in 2024).5) Source: BMLL. Included are main European marketplaces that offer trading in Nasdaq Nordic listed shares.6) EBBO (European Best Bid and Offer) refers to the current best price available for selling or buying a trading instrument such as a stock.

The FCA has opened an enforcement investigation into The Claims Protection Agency Limited (TCPA) following concerns about its advertising and sales tactics in relation to potential motor finance claims. The FCA is investigating what customers were told about the amount of redress they might obtain, whether they were told they could make a claim for free, and whether they were pressurised to sign up. Announcing the investigation allows TCPA customers to consider their options. The FCA has not reached any conclusions on whether TCPA breached any regulatory requirements. Background The FCA notified TCPA of its intention to announce that it had opened an enforcement investigation on 1 September 2025. The firm applied to judicially review the FCA's decision to announce the investigation on 8 September 2025. The High Court dismissed the firm’s application on 23 October 2025, and the firm was refused permission to appeal by the Court of Appeal on 19 December 2025. The High Court’s judgment was released in two parts on 23 October 2025Link is external  and 2 January 2026Link is external. Customers signed up with claims managers who have concerns or issues can make a complaint to the firm. If they’re not happy with the response, they can make a complaint to the Claims Management Ombudsman or Legal Ombudsman if they are signed up with a law firm. Customers wishing to cancel an agreement with a claims manager or law firm should check whether they have the right to do so under their contract and for any potential exit fees. TCPA has used/uses a number of trading names, including: My Claim Group, Martin’s Tips, Karen’s Claims, Express PCP, and The PCP Guys. TCPA advertises for motor finance claims and refers potential claimants to law firms for representation services. TCPA applied to the FCA for a Voluntary Requirements Application (VREQ), effective from 12 August 2025. As part of the VREQ, TCPA was required to stop onboarding new customers, stop publishing new financial promotions and withdraw all existing financial promotions. The FCA's enforcement guide sets out its policy on publicising investigations, stating that “the FCA will not normally make public the fact that it is or is not investigating…” but may do so in exceptional circumstances. The FCA considers that the exceptional circumstances test has been met in relation to this announcement, as it is desirable to maintain public confidence in the UK financial system or the market, protect consumers or investors, prevent widespread malpractice, and maintain the smooth operation of the market. In July 2025, the FCA issued a joint statementLink is external with the Solicitors Regulation Authority and sent a letter to claims management companies (CMCs) setting out some concerns. The FCA's increased proactive monitoring has led to the removal or amendment of more than 740 misleading adverts by FCA regulated CMCs since January 2024. In October 2025, the FCA published its consultation paper on a proposed motor finance consumer redress scheme (CP25/27) for motor finance customers who were treated unfairly. The consultation closed on 12 December 2025: CP25/27: webpage. The FCA expects to publish final rules in either February or March 2026.

Click here to download Malawi Stock Exchange's weekly summary report.

The Vienna Stock Exchange Academy, which is run in collaboration with the WIFI Management Forum, can look back on very successful year: in its anniversary year 2025 – the Academy celebrated its 20th anniversary – a new record was set with over 2,600 participants attending 123 seminars. The figures underscore the continuing high demand for financial education in Austria – across all levels of experience, from stock market beginners to experienced investors. At the start of the new year, the programme will be further expanded and a New Year's bonus will provide an additional incentive for further training. "The broad and continuously evolving range of courses offered by the Vienna Stock Exchange Academy is in tune with the zeitgeist. While fundamental questions about wealth accumulation and investment continue to be in high demand, interest in specialised topics and new technologies is also growing. The Academy’s clear positioning as a practice-oriented hub for financial education across various levels of depth is a key strength," says Erwin Hof, Head of the Vienna Stock Exchange Academy. Demand for financial education remains high in Austria The high demand for financial knowledge is also reflected by the “Aktienbarometer” – a study conducted by Peter Hajek on securities ownership in Austria: around 1.4 million people in Austria who have not yet invested yet are interested in purchasing securities. However, many of them see uncertainties in their own financial knowledge as a key obstacle to getting started. Accordingly, the introductory seminar "1x1 of Securities" was in high demand last year. The seminar "Investing in Securities" aimed at women was also very popular. Among experienced investors, "Stock Analysis with AI" was the number one choice. New course, additional seminars and New Year's bonus The Vienna Stock Exchange Academy's range of courses has been expanded once again in 2026. For experienced investors, the current programme offers additional in-depth courses on the topic of stock strategies. Due to the high demand for the basic seminar "Investing in Securities", the seminar "Stock Strategies for Long-Term Investment Success" is now also being offered exclusively for women. The seminar "Equity Strategies Compact" is also open to all interested parties. New to the programme is the "Personal Finance" course, which covers the most important topics in financial life: the stock market and wealth accumulation, money and the economy, loans, insurance, real estate, investor and consumer protection, as well as pensions and retirement planning. To support New Year's resolutions relating to personal development in the financial sector, the Vienna Stock Exchange Academy is offering a New Year's bonus: until 19 January 2026, a 20 per cent discount applies to almost all seminars.

Hong Kong Exchanges and Clearing Limited (HKEX) welcomes Kay Lo Hei Rose, the new chairman of Hong Kong Interbank Clearing Limited (HKICL), to its Risk Management Committee (statutory) (RMC). Her appointment was in accordance with the Securities and Futures Ordinance. Kay Lo Hei Rose replaced Xing Guiwei, HKICL’s former chairman, on the RMC. From 1 January 2026, RMC members comprise: Carlson TONG (Chairman) CHOW WOO Mo Fong, Susan HO Hon Kit, Daryl KAY Lo Hei, Rose KWOK Pui Fong, Miranda LEUNG Chung Yin, Rico LEUNG Pak Hon, Hugo  SUN Yu

Nasdaq (Nasdaq: NDAQ) announces that trading in the shares of Lassila & Tikanoja Plc (ticker: LASTIK) will commence today on the Nasdaq Helsinki Main Market following the completion of the partial demerger of Lassila & Tikanoja (ticker: LAT1V) into two separate companies new Lassila & Tikanoja Plc and Luotea Plc on 31 December 2025. The new Lassila & Tikanoja Plc focuses on the circular economy. Lassila & Tikanoja Plc is a Mid Cap company within Utilities sector. The part of old Lassila & Tikanoja Plc focusing on property services was renamed Luotea Plc (ticker: LUOTEA). Lassila & Tikanoja Plc is the first company to list on Nasdaq’s Nordic markets* in 2026. Lassila & Tikanoja is a leading Nordic circular economy company committed to unleashing the potential of circularity together with its customers and partners. The company’s services include waste management and recycling, hazardous waste and remediation services as well as industrial services and water treatment. Its goal is to promote an efficient infrastructure in society and the sustainable use of materials by transforming waste streams into valuable raw materials. L&T employs approximately 2,300 people in Finland and Sweden.“The listing of Lassila & Tikanoja’s circular economy business as an independent publicly traded company is a great milestone. Throughout its history, our company has consistently renewed itself, responded to societal and market changes, and boldly seized new opportunities. As an independent company, we can fully focus on developing our circular economy services, invest in growth, and meet the increasing demand from customers and society for resource-efficient solutions. We have a strong foundation, skilled personnel, and a clear strategy to create sustainable long-term value for our owners,” says Eero Hautaniemi, CEO of Lassila & Tikanoja. “I am pleased to welcome Lassila & Tikanoja to our Main Market following the partial demerger,” said Henrik Husman, President of Nasdaq Helsinki. “The more than century-old L&T has grown from a wholesaler into an enabler of the circular economy, and global megatrends such as climate change and dwindling natural resources provide a strong foundation for its business. We look forward to supporting the company in its next steps as a Nasdaq-listed company.” *Main markets and Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Stockholm and Nasdaq Baltic.

Click here to download the ' Fixed Income Index Dashboard' for the month ended December 2025.

The Exchange's markets are closed today, January 1, 2026.

Special Announcement: The processing and publication of Commitments of Traders data were interrupted from October 1 – November 12 due to a lapse in federal appropriations. Following a return to normal operations, the CFTC has resumed publication of the Commitments of Traders reports in chronological order. A revised release schedule depicts the intended COT Report publication dates for the data associated with the original publication date. The reports for the week of December 23, 2025 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.  Additional information on Commitments of Traders (COT) | CFTC.gov Historical Viewable Historical Compressed Revised 2025 Release Schedule CFTC Public Reporting Environment (PRE) PRE User Guide PRE Frequently Asked Questions (FAQs)

As required by Regulation Systems Compliance and Integrity and MIAX Options Rule 321, which is incorporated by reference into the MIAX Pearl, MIAX Emerald and MIAX Sapphire Exchange Rule Books, certain Members of the MIAX Exchanges will have mandatory participation requirements in the annual SIFMA Business Continuity Planning Disaster Recovery (“BC/DR”) test. Please refer to the following Regulatory Circulars for more information on BC/DR designation standards and requirements for Designated Members: MIAX Options RC 2025-107 MIAX Pearl Options RC 2025-109 MIAX Emerald Options RC 2025-106 MIAX Sapphire Options RC 2025-129 MIAX Pearl Equities RC 2025-14

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported that the global ETF industry reached a significant milestone at the end of November 2025 with 2,759 new products listed and a net increase of 2,259 after accounting for 500 closures. This surpasses the previous record of 1,789 new ETFs listed by the same point in 2024. Highlights: United States: 1,033 new launches, 190 closures Asia Pacific (excluding Japan): 813 new launches, 171 closures Europe: 462 new launches, 59 closures 474 providers contributed to these launches across 40 exchanges globally 500 closures came from 144 providers across 30 exchanges Newly listed products include: 1,454 Active ETFs 829 Equity ETFs 176 Fixed Income ETFs New listings and closures in the Global ETFs industry YTD through end of November Source: ETFGI, ETF issuers and exchanges.   iShares listed the largest number of new products 79, followed by Global X with 76 new launches and Leverage Shares with 75 new launches.                                Top 15 providers of new launches YTD through end of November Source: ETFGI, ETF issuers and exchanges. New listings in the Global ETFs industry YTD through end of November: 2021 to 2025 Source: ETFGI, ETF issuers and exchanges. 2025 sets a record with 2,759 YTD new listings, up from 1,789 in 2024 and significantly higher than previous years (2023: 1,448; 2022: 1,509; 2021: 1,615). Growth is most pronounced in the US and Asia Pacific, which together account for over 66% of global new launches. Closures YTD declined in 2025 to 500, compared to 553 in 2024 and 729 in 2023. The US and Asia Pacific also lead in closures, but the overall net growth remains strongly positive due to record new launches. Closures in the Global ETFs industry YTD through end of November: 2021 to 2025 Source: ETFGI, ETF issuers and exchanges. Assets invested in the ETFs industry globally reached a new record of US$19.44 trillion at the end of November. During November, the ETFs industry globally gathered net inflows of US$218.24 billion, bringing year-to-date net inflows to a record US$2.04 trillion, according to ETFGI's November 2025 Global ETFs industry landscape insights report. At the end of November 2025, the Global ETF industry had 15,610 products, with 30,395 listings, assets of US$19.44 Tn, from 949 providers on 83 exchanges in 65 countries, according to ETFGI's November 2025 Global ETFs and ETPs industry landscape insights report. The top 25 new ETFs collectively represent tens of billions in AUM, with the largest single product (Akre Focus ETF) nearing US$10 billion. The mix of US dominance, China’s innovation-driven bond ETFs, and European UCITS offerings highlights global diversification and strong demand for both income-generating and thematic strategies. Top 25 Global New ETFs YTD ranked by AUM as of end November Source: ETFGI, ETF issuers and exchanges. This report underscores the dynamic nature of the ETF industry and highlights the continued growth and diversification of the market.