Fund launches & closures

Source rolls out Man GLG broker-ideas fund in ETF format

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Leading ETF provider Source has announced the launch of its new Man GLG Europe Plus Source ETF. The product provides exposure to the Man GLG Europe Plus Index, a long-only index developed by Man Systematic Strategies (MSS), a new group that draws on the combined expertise of GLG, AHL and Man’s multi-manager business.

The Man GLG Europe Plus Index, created by MSS, is a long-only total return European equity index designed to capture outperformance from broker ideas provided specifically for Man GLG.

It uses high quality ideas from approximately 60 leading brokers to create a liquid, highly diversified,