Source lists Man GLG Europe Plus ETF on London Stock Exchange

Nov 7th, 2012 | By | Category: Equities

Source, a leading European ETP provider, has announced that its popular Man GLG Europe Plus Source ETF (MPFE) has been listed in GBP on the London Stock Exchange (LSE). [See Man Group’s European active-strategy ETF enjoys record inflows].

Source lists Man GLG Europe Plus ETF on London Stock Exchange

Source has listed its successful Man GLG Europe Plus ETF on the London Stock Exchange.

This listing complements the existing listing in EUR on the Xetra section of the Deutsche Börse, and provides GBP-denominated investors with easy access to this ‘smart beta’ strategy via an efficient ETF structure.

The Man GLG Europe Plus Source ETF seeks to provide the performance of the Man GLG Europe Plus Index, which replicates a liquid, highly diversified long only European equity portfolio constructed from high quality ideas contributed by approximately 65 leading brokers.

The index has a market cap exposure to the broad European equity market, and aims to deliver enhanced returns. Since inception in January 2011, the fund has attracted strong inflows, taking its assets under management to $800m as at 5 November 2012.

Ted Hood, CEO of Source, said: “Investors looking for ‘smart beta’ outperformance products which have chosen the Man GLG Europe Plus ETF have enjoyed excess return over MSCI Europe. The volume of assets raised since inception in January 2011 is evidence of its appeal.”

The Man GLG Europe Plus ETF has returned 306bp of excess return over the MSCI Europe TR index over the last 12 months.

Khalil Mohammed, fund manager responsible for the strategy at Man GLG, commented: “Man GLG Europe Plus has an impressive long term performance record and we are delighted to be able to offer this ETF on the London Stock Exchange for UK based investors.”

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