Exchange-traded product provider Source has unveiled its MSCI EMU Small Cap ETF on the Deutsche Boerse.
The fund offers exposure to 568 small cap stocks that are listed on the local exchanges of countries within the European Economic and Monetary Union.
The underlying total return index reinvests dividends and has been widely used to gain exposure to the performance of small cap European equities markets since launch in 1998.
The new ETF complements Source's existing product range, providing access to small, mid and large-cap stocks, across European and US equity markets.
This includes the Stoxx Europe Small 200, Stoxx Europe Mid 200, and the Russell 2000 Source ETF.
The Ucits III-compliant fund has a management fee of 0.40% per annum and trades in euros.
The latest launch boosts the firm's offering to a total of 80 ETPs. Source operates an open architecture platform, in conjunction with a range of counterparties providing swaps to return the performance of the underlying index or asset class.
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