Exchange-traded funds specialist Source has announced that assets in its 93 products have exceeded the $10 billion mark. The firm only launched in April 2009, since when it has launched ETFs in conjunction with firms including Man GLG, PIMCO, BofA Merrill Lynch, Goldman Sachs, JP Morgan, Morgan Stanley and Nomura.
“Source was founded to bring a new level of efficiency, liquidity and transparency to the European ETF market,” said CEO Ted Hood. “This landmark is proof that our approach is working. Source’s unique multi-counterparty platform and robust ETF structure have quickly won investors’ approval.”
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