Source Launches Goldman Sachs Smart Beta World ETF

May 28, 2014

Exchange traded product provider Source has launched a new exchange traded fund on the Deutsche Bourse ETF platform, Xetra.

The Source Goldman Sachs EFI World UCITS ETF is a smart beta ETF with global equity exposure.

It has a total expense ratio of 0.65 percent and is a non-distributing ETF. The ETF tracks the Goldman Sachs Equity Factor Index World NTR USD Index.

The ETF allows investors to participate in a strategy approach based on five stock-picking factors, which are: size, value, momentum, quality and low beta. This strategy aims to outperform traditional indices weighted by market capitalisation.

The index currently has over 620 securities from 22 countries.

 

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