Source ETP assets hit $2.2bn

Source, the joint venture initially created by Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley, says its latest sector products have garnered nearly $950m in just over two months. The ETP provider adds that it is the fastest growing new ETP issuer in the history of the European market. Source CEO Ted Hood says: "We believe that the market has been waiting for a set of products that are fully functional and combine trading efficiency, improved counterparty risk profile and a set of indices designed to address the needs of both traders and investors." Source also cont...