Source unveils Europe ex-UK ETF

In response to investor demand

ETF provider Source has launched the Source MSCI Europe ex-UK UCITS ETF in response to a pick-up in demand for European equities.

The ETF will provide exposure to large and mid-cap companies across 14 developed market economies, excluding the UK. The firm said investors want exposure to European equities without the uncertainty around the outlook of the UK given the General Election result and the upcoming Brexit. The ETF will have an ongoing charges figure (OCF) of 0.20%. Chris Mellor, product specialist at Source, said: "Many of our investors use ETFs because they offer the ability to target specific exposures. "For instance, some investors may want to separate their exposures to Europe and the UK, espec...