Exchange-traded product provider Source has seen total assets under management (AUM) in its ETFs and exchange-traded commodities surpass $6bn.
The fourteen month-old provider says this marks an 86% increase in total AUM since the beginning of the year, due to large inflows into the firm's emerging markets and Eurostoxx 50 ETFs, as well as the Source Physical Gold P-ETC.
The Eurostoxx 50 Source ETF has garnered over €575m since the beginning of June, boosting its total AUM to over one billion euros. This marks a 150% increase in assets since the beginning of the year.
The product issuer's emerging markets ETFs saw significant growth in assets since May, with the MSCI Emerging Markets Source ETF reaching $869m and the RDX Source ETF rising to $272m.
In total, Source's emerging market assets amount to over $1.1bn.
Source says it has also seen high levels of trading liquidity, meaning its products are increasingly traded and are gaining traction among various European institutional investor segments.
The Source Optimised Supersector ETFs had a total turnover of €7.3bn in May, according to the German settlement system Cascade. This figure represents 76% of Cascade's reported European sector activity.
Source has also seen a large increase in on-exchange turnover in its Eurostoxx 50 ETF. The fund's total turnover, on-exchange and over-the-counter, reached over one billion euros in the first three weeks of June.
Source is an open-architecture exchange-traded product firm, with a range of counterparties as swap providers.
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