Exchange-traded products provider Source’s assets under management have exceeded $10 billion in around two years. The firm’s 93 products have created a $240 billion turnover since its launch in April 2009.
The products’ turnover has been nearly 8% of assets every day and growing to 15% for industry ETFs, adds Financial Times. Source’s inflows reached $2.8 billion in the first half of 2011, while it was $1.9 billion for the entire year of 2010.
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