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Source launches MSCI EMU Small Cap ETF

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Source has launched the MSCI EMU Small Cap ETF, which tracks the MSCI EMU Small Cap Total Return (Net) index and has a management fee of 0.40 per cent per annum.

The index is currently comprised of 568 stocks with a market capitalisation ranging from EUR3.5bn to EUR32m and listed on the local exchanges of countries within the European Economic and Monetary Union (EMU).

Launched since 1998, the benchmark is widely used to gain exposure to the performance of the small cap European equities market.
 
Ted Hood, chief executive of Source, says: “We are delighted to add the MSCI EMU Small Cap Source ETF to our range of European equity products. Many European portfolio managers are benchmarked to the broad MSCI EMU index. The new MSCI EMU small cap Source ETF will allow them to enhance their returns through exposure to the small cap segment of Euro zone equities.”
 
The new MSCI EMU Small Cap Source ETF is Ucits III compliant and domiciled in Ireland. It is listed on Xetra and trades in EUR.

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