5/7/2010

Source launched an emerging-market exchange-traded fund on the London Stock Exchange that aims to overcome a chronic problem of index-tracking error. The ETF tracks the MSCI Emerging Markets Total Return net index. Tracking error can significantly harm returns for index ETFs, the company said. Source said it is improving the ETF's tracking of the underlying benchmark by making investments through total-return swaps and trading in U.S. dollars.

Related Summaries