Source starts passporting US energy ETF

Power stationSource has started passporting a Ucits exchange-traded fund (ETF) tracking the US energy sector into seven markets in Europe.

The Source Morningstar US Energy Infrastructure MLP Ucits ETF, which is listed on the London Stock Exchange, is now also available in Austria, Finland, France, Germany, Italy, Norway and Sweden.

It aims to give investors exposure to the US energy infrastructure market via Master Limited Partnerships.

In an ETF report in the current issue of Funds Europe (June) Felix Goltz says despite a broad range of ETFs available, investors still wish for future product development to address specific needs.

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