Another New ETF Provider: Source
With Source welcomes SIX Swiss Exchange another issuer in its segment for exchange-traded funds. The British ETF provider launched 14 new products, thus ensuring an even bigger deal. Latest offers SIX Swiss Exchange investors a choice of 880 ETFs.
Ted Hood, CEO of Source, said: “Source is pleased to announce the listing of our first ETFs in Switzerland is known. These include the major equity benchmark indices S & P 500, MSCI EM and MSCI USA, nine S & P U.S. Select Sectors and some of the leading volatility products of Source, which were developed in conjunction with Nomura and JP Morgan.”
For the 14 new ETFs from Source act Flow Traders BV, JP Morgan Securities Ltd., Nomura International plc and Virtu Financial Pte. as market makers.
Alain Picard, Head of Product Management at SIX Swiss Exchange , commented: “We are delighted to welcome you as a new source for ETF issuers with us. Their specialized products contribute to the selection of SIX Swiss Exchange , the different needs of investors even better cover.”
Source was founded in 2009 and counts with assets under management of over $ 11 billion of the leading ETF providers in Europe. On SIX Swiss Exchange since November 2010 Source is in segment for exchange-traded products present, with currently 16 ETPs.
SIX Swiss Exchange opened one of the first European markets in the autumn of 2000, an ETF segment and recorded over eleven years a large growth. Detailed figures can be found on our website and in the ETF Statistics Quarterly.