Source’s Man GLG Europe Plus ETF is now listed in GBP on the London Stock Exchange and has USD800m in assets under management.
This listing complements the existing listing in EUR on the Xetra section of the Deutsche Börse, and provides GBP-denominated investors easy access to this “smart beta” outperformance strategy via an efficient ETF structure.
The ETF seeks to provide the performance of the Man GLG Europe Plus Index, which replicates a liquid, highly diversified long only European equity portfolio constructed from high quality ideas contributed by approximately 65 leading brokers. The index has a market cap exposure to the broad European equity market, and aims to deliver enhanced returns. Since inception in January 2011, the fund has attracted strong inflows, taking its AUM to USD800m (GBP510m) as at 5 November 2012.
Ted Hood, chief executive of Source, says: “Investors looking for ‘smart beta’ outperformance products which have chosen the Man GLG Europe Plus ETF have enjoyed excess return over MSCI Europe. The volume of assets raised since inception in January 2011 is evidence of its appeal.”
The Man GLG Europe Plus ETF has returned 306bp of excess return over the MSCI Europe TR index over the last 12 months.