Source active ETF takes advice from brokers

The ETF tracks a long-only index developed by Man Systematic Strategies (MSS), which compiles ideas from approximately 60 brokers to create a liquid, highly diversified European equity portfolio. The fund works by the same synthetic replication structure as the vast majority of Source equity ETFs, meaning that it is fully invested in equities and uses swap transactions with Source counterparties such as Merrill Lynch and Goldman Sachs, to minimise tracking error. Source says the fund is designed to capture outperformance and that there is substantial evidence that the work of experien...