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Source Lists European Equity ETF In London
Nick Parmée
6 November 2012
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.