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Source Lists European Equity ETF In London

Nick Parmée 6 November 2012

Source Lists European Equity ETF In London

European ETP provider Source has listed its Man GLG Europe Plus ETF on the London Stock Exchange; it has $800 million in assets under management. The listing complements the existing listing in euros on the XETRA section of the Deutsche Börse, Source said in a statement.

The newcomer seeks to provide the performance of the Man GLG Europe Plus Index, which replicates a liquid, diversified long-only European equity portfolio constructed from ideas contributed by approximately 65 brokers.

As an indication of the state of the market, November's ETF Landscape Report, produced by the BlackRock Investment Institute, suggests that investor appetite for exchange-traded products remains strong - good news for the US giant as the owner of ETF provider iShares. Year-to-date ETP flows of $192.3 billion have topped 2011’s full year total of $173.4 billion. ETP flows in October were $9.5 billion.

 

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