The Source Morningstar US Energy Infrastructure MLP Ucits ETF is now available in GBP-denominated accumulating and dividend distributing share classes, and the Financials S&P US Select Sector Source ETF and Technology S&P Select Sector Source ETFs have also been admitted to trading in sterling.
The US Energy Infrastructure fund was launched at the end of May and was the first ETF of its kind in the European market. It offers investors access to the developing onshore gas industry in the US ,an area that is traditionally difficult to access due to high tax and charges.
The other two funds are among the firm’s largest and most actively traded US sector products and they have an aggregate $486m under management.
Ted Hood, CEO of Source, said: “ETFs are now attracting a wider group of investors in the UK. We are keen to offer access to key markets and interesting investment themes and opportunities in sterling thereby avoiding the need or separate FX transactions.”
