Source launches EMEA 40 fund

Source has teamed up with Bank of America Merrill Lynch to give investors exposure to emerging markets in Europe, the Middle East and Africa.

The ETF tracks the FTSE Emerging EMEA 40 Index, which includes 40 of the largest and most liquid stocks in the region.
 
Larger allocations within the ETF are to South Africa where there is a 29% exposure, Russia with 28%, Poland with 16%, Turkey with 11%, Hungary with 7% and the Czech Republic also with 7%. Egypt, Israel, Morocco and the United Arab Emirates are eligible for inclusion in the ETF.
 
Listed on the London Stock Exchange, the FTSE Emerging EMEA 40 Source ETF has an annual management fee of 0.60%. The Irish-domiciled fund is Ucits compliant and trades in USD.