Bringing you live news and features since 2006 

Newly-created ETF provider Source launches 13 ETFs and 22 ETCs

RELATED TOPICS​

Source, a provider of exchange-traded products for European investors, is launching 13 exchange-traded funds and 22 exchange-traded commodities.

Source, a provider of exchange-traded products for European investors, is launching 13 exchange-traded funds and 22 exchange-traded commodities.

The launch represents the first product offering of Source, an open architecture platform created by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to enhance the performance and trading environment for exchange-traded products in Europe. 

By creating common standards and augmented design features, Source’s products aim to offer investors improved liquidity, reduced credit risk, increased transparency and more efficient competition.
 
Despite recent market turbulence, demand for ETFs and similar products continues to grow, with net European inflows of over EUR47bn in 2008. Source believes that the market has even greater potential, and that improved product design and an enhanced trading environment are critical for further growth.
 
Source will focus all trading on a single stock exchange, Deutsche Börse, which aims to offer efficient total return products and allow multiple brokers to participate on an equal footing.

Ted Hood, chief executive, says: ‘Source is very excited about the growth prospects of the European market for exchange traded products.  We are convinced that we can bring about even greater growth by offering investors improved products and providing an enhanced trading environment.  We will achieve this by creating common product standards focused on increased liquidity, reduced credit risk, greater transparency and more efficient competition.’

Latest News

HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..
Schwab Asset Management, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider of ETFs, has announced..

Related Articles

Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by