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BUZZ-A passive lift for Lloyds

Reuters - UK Focus

Passive investment flows likely to support Lloyd Banking Group shares following the British government's stake sale.

** UK government has sold 4.2 billion pounds ($6.9 billion) worth of shares to cut its stake in the country's largest retail bank to under 25 percent.

** Potential demand from ETFs pegged at around 820 million shares and 910 million shares, according to investment bank estimates. That would be equivalent to 5-7 days worth of trading volume.

** AUMs at Europe-focused ETFs have swelled to $405.9 billion with just over half of those assets in equity funds, according to Deutsche Bank (Xetra: DBK.DE - news) .

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** Per Tabb Group European equity ETFs only major global stock ETF category seeing net inflows this month, taking in $100 million daily since Feb 1.

(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net; francesco.canepa.thomsonreuters.com@reuters.net)