The MSCI Europe Value Source ETF is Ucits-compliant and domiciled in Dublin, it tracks the MSCI Europe Value EUR Total Return Index.
This is the subset of the MSCI Europe Index focused on stocks that exhibit value as opposed to growth characteristics.
The index currently comprises 214 stocks, or around 50% of the free float-adjusted market cap of the MSCI Europe.
Ted Hood, CEO of Source, said: "Value investing has been popular since the 1920s. This ETF allows investors to implement a European value strategy quickly and easily, while maintaining diversification and high liquidity."
Factors used to assess a stock’s value for inclusion in the index include book value, 12-month forward earnings and dividend yield.
Source now has 99 ETPs and $9bn AUM across a range of equity, fixed income and commodity segments of the market.
