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Source launches GBP version of MSCI Europe ex UK ETF

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ETF provider Source has launched the GBP version of MSCI Europe ex-UK UCITS ETF. The firm writes that European equities have been one of the top picks of Source’s multi-asset research team since the start of the year, and the market still looks undervalued relative to long-term averages.

“Investors wanting exposure in this area have several options from which to choose, and the uncertainty around the outlook for the UK will cause some to consider whether their chosen index includes it or not.” 

The Source MSCI Europe ex-UK UCITS ETF provides diversified exposure to large and medium sized companies across 14 developed market economies, and it is now available in a GBP share class listed on the LSE. With an ongoing charge of only 0.20 per cent per annum, it is significantly cheaper than competing ETFs, the firm says.

Chris Mellor (pictured), equity product specialist at Source, says: “Many of our investors use ETFs because they offer the ability to target specific exposures. For instance, some investors may want to separate their exposures to Europe and the UK, especially with Brexit causing uncertainty around the outlook for the UK. This ETF effectively puts investors in control of the allocation.”

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