Source adds sterling trading lines to popular US sector ETFs

Jun 17th, 2013 | By | Category: Equities

Source, a leading European provider of exchange-traded funds (ETFs), has added GBP trading lines to four of its London Stock Exchange line-up. The move simplifies access for sterling-based investors and comes at a time when ETFs are fast gaining in popularity among all types of investors in the UK.

Source adds sterling trading lines to popular US sector ETFs

Source has added sterling trading lines to four US sector ETFs.

The new GBP products include the accumulating and dividend distributing share classes of the recently launched Source Morningstar US Energy Infrastructure MLP UCITS ETF and two of the provider’s largest US sector ETFs, the Financials S&P US Select Sector Source ETF and Technology S&P Select Sector Source ETF.

With the addition of these four funds, there are now eleven Source products available to be traded in GBP.

Ted Hood, CEO of Source, said: “ETFs are now attracting a wider group of investors in the UK. We are keen to offer access to key markets and interesting investment themes and opportunities in sterling, thereby avoiding the need for separate FX transactions.”

The Source Morningstar US Energy Infrastructure MLP UCITS ETF provides exposure to US energy infrastructure via the Morningstar MLP Composite Index. MLPs (Master Limited Partnerships) own and operate much of the US’s energy infrastructure and have attracted considerable attention in recent years.

The Financials S&P US Select Sector Source ETF and Technology S&P US Select Sector ETFs are among Source’s largest and most actively traded US sector products, with combined assets under management of $486 million. They provide exposure to the financials and technology sectors of the S&P 500 index, respectively.

Source’s new GBP listings:

 Fund .Ticker Dividend treatment Mgmt fee Swap fee
Source Morningstar US Energy Infrastructure MLP UCITS ETF A .MLPQ Reinvested 0.50% 0.75%
Source Morningstar US Energy Infrastructure MLP UCITS ETF B .MLPP Quarterly 0.50% 0.75%
Financials S&P US Select Sector Source UCITS ETF .XLFQ Reinvested 0.30% 0.00%
Technology S&P US Select Sector Source UCITS ETF .XLKQ Reinvested 0.30% 0.00%

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