The European provider has registered 59 ETFs through the Comisión Nacional del Mercado de Valores (CNMV), making them available for public distribution in Spain.
Co-head of Source’s EMEA businesses, Stefan Garcia, said the “rapid growth” of the ETF market in Europe “has been driven by the company’s ability to partner with investment firms from around the world, and work with them to deliver innovative solutions that meet investor needs.
“We then deliver these investment strategies within our liquid and transparent ETF structure.”
“Efficient exposure”
He also identified that a combination of better products and increased awareness had contributed to the rapid rise in ETFs.
According to Garcia, investors will be given “efficient exposure” to fundamental equity indices, including the Source S&P 500 UCITS ETF, and the Source JPX-Nikkei 400 UCITS ETF, as well as US and European equity sectors.
The strategies made available have been designed and developed with Source by Goldman Sachs, J.P. Morgan, Man GLG, Morgan Stanley and Nomura, and include smart beta strategies which provide alternatives to investing on a traditional market capitalisation weighted basis.
“Greater transparency”
The executive director, Leonardo Lopez, who is responsible for client coverage in Iberia, said: “ETFs have evolved and can now fulfil a wide range of objectives.
“Investors are also attracted to the overall lower costs of many ETFs and the greater transparency that they offer.
He added: “We expect this trend to continue as industry regulations tighten for the protection and benefit of investors.”
Within five years Source has accumulated assets under management totalling approximately $18bn (£11.3bn).
The firm’s ETFs are listed on the London Stock Exchange, SIX Swiss Exchange, Xetra and Borsa Italiana.
In September Source launched an ETF to track the stock market in Japan, and last month it increased its clients’ exposure to eurozone banks via its exchange traded funds.
