Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a631591
Source lists Man GLG 'best brokers' equity ETF in London
by Emma Dunkley on Nov 05, 2012 at 11:30
The ETF, which is also listed in Germany and has gathered $800 million in assets since launch in 2011, tracks the Man GLG Europe Plus index.
The benchmark replicates a long-only portfolio of European equities, constructed from ideas given by around 65 brokers.
The index is based on market cap exposure to the broad European equity market, although it aims to deliver enhanced returns and generate outperformance.
The strategy has been devised by MSS, an in-house research team formed following MAN's acquisition of GLG Partners in October 2010.
Since 2005, GLG has used a systematic process to select the highest quality broker ideas and run a liquid, diversified portfolio, which is why the firms decided to make it available in index format through the ETF.
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.’
According to Source, the ETF has returned 306bp of excess return over the MSCI Europe Total Return index over the last 12 months, to the end of October.
The fund has a total expense ratio of 0.75% a year.