SOURCE adds UBS as an authorised participant for the MAN GLG EUROPE PLUS ETF

Source announce the addition of UBS as an authorised participant (AP) and swap counterparty for the Man GLG Europe Plus ETF (MPFE SW), a unique European equity product, listed on the SIX Swiss Exchange (SIX), London Stock Exchange (LSE) Deutsche Börse Xetra. The addition of a sixth swap counterparty further improves counterparty diversification.….

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The Man GLG Europe Plus Source ETF is one of Source’s most successful equity ETFs, with assets of US$ 885 million1. Its objective is to outperform the broad European equity market by capturing value from broker ideas. Man GLG uses high quality ideas from around 65 leading brokers to create a liquid, highly diversified, long-only European equity index. In 2012, the index outperformed MSCI Europe by 5.34%2.The resulting size and growth of MPFE demands increased trading resources to support the product.

UBS brings a wealth of knowledge and expertise with specific strength within the Swiss market which will further enhance the trading and distribution of MPFE. UBS’ team of dedicated ETF traders transacted over US$19.8bn of European ETF flow across all asset classes in 2012.

“The addition of UBS as a partner re-affirms Source’s commitment to the Swiss ETP market in particular” says Peter Thompson, Chief Strategy Officer at Source. “Amid growing investor demand, we look forward to working closely with UBS to deliver the MPFE product with increased efficiency, leveraging UBS’s considerable local presence and trading capability”.

Source’s product range on SIX now spans several asset classes and includes the US$4 billion Source Physical Gold ETC (SGLD), major equity benchmarks such as the S&P 500, MSCI Emerging Markets and MSCI USA, the S&P US Select Sectors and volatility products developed in partnership with Nomura and J.P. Morgan.

PRODUCT SUMMARY

1 As at 28 February 2013
2 Past performance is not indicative of future returns, Market data.

Source UK Services Limited is authorised and regulated by the Financial Services Authority in the UK.
Source: ETFWorld.co.uk