Man GLG hits $565 million in Europe Plus Source ETF


The Man GLG Europe Plus Source ETF, launched in January 2011, has reached assets of $565 million as at the end of May – making it one of the world’s largest ETFs delivering exposure to equity index outperformance.

The exchange-traded fund tracks the Man GLG Europe Plus Index, created by Man Systematic Strategies (MSS). The index is a long-only total return equity index, designed to capture outperformance from broker ideas provided specifically for Man GLG.

It uses ideas from around 60 leading brokers – backed by roughly 3,000 equity analysts – to create a liquid, highly diversified equity