Source actively managed ETF to distribute via Fidelity FundsNetwork

Exchange traded product provider Source has announced that one of its ETFs focused on sterling rates will be distributed via Fidelity FundsNetwork for the UK market.

The Pimco Sterling Short Maturity Source Ucits ETF is a £121m (€161m) vehicle that is actively managed and distributed income monthly.

Dominic Clabby, head of UK IFA at Source, said that the move represented the addition of the first actively managed ETF to the FundsNetwork platform.

“The [product] offers investors an alternative to cash, which may be attractive in today’s very low interest rate environment. The fund’s manager invests in a diversified portfolio of short-term securities, with the aim of generating income while maintaining a focus on security and liquidity. The fixed income space has been one of the areas where active management has delivered some good results for investors.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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