Source Man launches four new ETFs on Xetra
UK-based ETF provider Source has launched four new ETF products available the German stock exchange.
The new products include two new active ETFs, the Source Man GLG Asia Plus ETF and Source Man GLG Continental Europe Plus ETF. They are based on the assessments of 65 brokers and apply a rule-based approach. Investors can choose between stock corporations from Asia, Australia and New Zealand, or the continental Europe region. Stock corporations from Japan are not included.
The new products also include Source Morningstar US Energy Infrastructure MPL Ucits ETF and the Source Morningstar US Energy Infrastructure MPL Ucits ETF. Both are based on companies with the legal form of master limited partnerships (MLP), although their distribution policies differ. The reference index covers 97 percent of market capitalisation of all energy MLPs traded in the USA.
All four products are tradable in the XTF segment on Xetra and have a non-distributing policy with the exeption of the infrastructure fund.