Bringing you live news and features since 2006 

Source launches ETC platform on SIX Swiss Exchange

RELATED TOPICS​

Source has listed 15 exchange-traded commodities on the SIX Swiss Exchange. 

Source is one of the first European ETP providers to list ETCs on SIX. 

Source has initially listed 14 Treasury Bill secured ETCs that track S&P GSCI total return commodity indices and one physical gold physically secured ETC that tracks the spot gold price and is secured by gold bullion held in J.P. Morgan Chase Bank’s London vaults.

Ted Hood, chief executive of Source, says: “Listing our market leading ETCs on SIX is an important step in offering Swiss investors locally traded products and all of our investors the ability to trade these products on exchange in USD. We have raised USD850m in ETCs so our simple message – transparency, unparalleled asset quality, and efficient delivery of commodity exposure – is clearly resonating with the European institutional investment community. Source T-ETCs’ superior structure is a market leading solution in addressing counterparty risk.”

Alain Picard, head of ETFs and other financial product sales at SIX Swiss Exchange, adds: “Swiss investors have shown significant interest in gaining commodity exposure.  We are very happy to welcome Source as a provider in the new ETP segment of SIX Swiss Exchange.”

Source T-ETCs are collateralised with US Treasury Bills and cash held in segregated accounts by a trustee, and commodity index exposure is provided by multiple swap counterparts. 

All Source ETCs will trade in US dollars on SIX, and the annual fixed fee for all T-ETCs is 0.49 per cent p.a., while the Source Physical Gold P-ETC is 0.29 per cent p.a.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
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