The company, which has more than $10bn in assets under management, said the new ETFs add to its existing range of 16 exchange traded commodities available on the SIX exchange.
Source’s product range on SIX now spans several asset classes and includes many of its flagship products. These include the $3bn Source Physical Gold ETC, major equity benchmarks such as the S&P 500, MSCI EM and MSCI USA, the S&P US Select Sectors and some of Source’s volatility products, developed in conjunction with Nomura and J.P. Morgan.
Source is the first ETP provider to list ETFs with US Sector exposure on SIX. The nine S&P US Select Sector Source ETFs include: Consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology and utilities.
Alain Picard, head of ETFs and other Financial Product Sales at SIX Swiss Exchange, said: “SIX Swiss Exchange is very pleased to welcome Source Markets plc in its ETF segment with the listing of 14 ETFs. We believe that the new range of products fits perfectly into the existing ETF offering for the Swiss market”.
