Four new Source ETFs launch on Xetra
Two new active exchange-traded funds and two new equity index exchange-traded funds issued by Source have begun trading in the XTF segment on Xetra.
The Source Man GLG Asia Plus ETF and Source Man GLG Continental Europe Plus ETF enable investors to participate in the strategy approach of GLG Partners.
The assessments of around 65 brokers form the foundation of the rule-based strategy. The objective is to develop a liquid and widely diversified long-only equity portfolio with the potential for generating higher returns.
Investors can choose between stock corporations from Asia, Australia and New Zealand, or the continental Europe region. Stock corporations from Japan are not included.
The two Source Morningstar US Energy Infrastructure MPL UCITS ETFs enable investors to participate in the performance of US energy companies. Both ETFs are based on companies with the legal form of master limited partnerships (MLP), although their distribution policies differ. The reference index covers 97 per cent of market capitalisation of all energy MLPs traded in the US.
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