Exchange-traded fund (ETF) provider Source has listed two smart beta products from Man GLG and JP Morgan on the Swiss SIX exchange.
The Man GLG Europe Plus Source ETF tracks a long-only, actively managed European equity index built from trading ideas from brokers. The UK-based hedge fund company selects between 200 and 250 stock tips out of about 1,000 received from some 65 brokers, which it weights by market capitalisation.
The ETF has close to $1 billion (€747 million) under management and outperformed the MSCI Europe index by more than 5% in 2012.
The JP Morgan Macro Hedge Dual Source ETF tracks volatility in the US and European equity markets, offering investors a potentially useful hedging tool. The ETF has $115 million under management.
The JP Morgan Macro Hedge Dual Source ETF charges a management fee of 0.25% while the Man GLG Europe Plus Source ETF charges 0.75%.
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