Source has released four base metal T-ETCs comprising aluminium, copper, nickel and zinc on the Xetra platform of the Deutsche Boerse.
The range of US treasury-backed T-ETCs is linked to individual, base metal S&P GSCI Total Return indices.
Source secures its commodity T-ETCs with G-7 government bonds and cash, in order to mitigate credit risk. The range is denominated in dollars, but trades on exchange in euros.
The exchange-traded product provider has also released a distributing Dow Jones Euro Stoxx 50 ETF. Dividends are reinvested until distribution and are then paid semi-annually in June and September.
The distributing fund, which Source launched following high demand, is a sub share class of the Dow Jones Euro Stoxx 50 Source ETF, with the assets of both share classes co-mingled.
Source has accrued over $3bn in assets since launch in April 2009. The provider has an open architecture platform, with key partners including Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Nomura as swap providers.
Achievements, charity work and other happy snippets
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'
200,000 LISAs opened so far
From June 2019