Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Source launches ETF to track European small-caps

Source launches ETF to track European small-caps

Source has launched an exchange-traded fund (ETF) that will follow European small and mid-cap (Smid) businesses.

The Source Russell Europe Smid 300 Ucits ETF will contain the 300 European companies falling between the 75th and 95th percentile by market capitalisation of the Russell Global index, excluding those with an average daily trading volume lower than €2 million (£1.7 million).

Constituents include FTSE 100 members Barratt Developments, easyJet and Hargreaves Lansdown.

Over the past year the Europe Smid 300 index has returned 35.1%, compared with 26.2% by the broader MSCI Europe index.

‘The Russell Europe Smid 300 index has been designed with considerable input from the trading community,’ said Ron Bundy, chief executive for indices at Russell Investments.

The ETF has an annual management fee of 0.35%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Wealth Manager on Twitter