An ETF issuer announces the launch of the FTSE Emerging EMEA 40 Source ETF, created in collaboration with BofA Merrill Lynch and designed to offer efficient and liquid exposure to the dynamic Emerging EMEA region……
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Source now offers exposure to this region via the FTSE Emerging EMEA 40 Index. The index was launched in April 2011 and is calculated and managed by FTSE. It comprises of the 40 largest and most liquid stocks in the region. It is specifically designed to be liquid and tradable, while also being representative of emerging EMEA and the opportunities it presents. Currently (1), the largest weightings are to South Africa (29%), Russia (28%), Poland (16%), Turkey (11%), Hungary (7%) and the Czech Republic (7%). Other countries eligible for inclusion are Egypt, Israel, Morocco and the United Arab Emirates.
“This is a region that’s changing incredibly fast”, said Source CEO Ted Hood. “In such a dynamic market, it’s not just a question of offering access. We need to give investors the ability to trade in and out quickly and efficiently”. The FTSE Emerging EMEA 40 Source ETF combines liquidity andtradability with efficient treatment of dividends, in a robust and transparent ETF vehicle.
The FTSE Emerging EMEA 40 Source ETF has a management fee of 0.60% per annum and is listed on the London Stock Exchange. Source now offers a truly comprehensive range of emerging market products, covering global, regional and single country exposure.
Product Name: FTSE Emerging EMEA 40 Source ETF
Base / Trading Currency: USD / USD
Management Fee: 0.60 % per annum
Listing: London Stock Exchange
Benchmark: FTSE Emerging EMEA 40 Index
Benchmark Bloomberg Ticker: EMEA40CU Index
UCITS eligible: Yes
The addition of this new ETF brings Source’s product range to 94 across equity, fixed income and commodity segments of the market. Source now has over US$8.5 BN in assets and has seen trading turnover of over US$220 BN since launch in April 2009. Source continues to focus on delivering incremental value to European ETP investors through a combination of enhanced indices, improved structuring and active trading, and is committed to delivering ETFs and ETCs with unparalleled liquidity, increased transparency and reduced counterparty risk.
Source: ETFWorld – Source