U.K. hedge fund manager, Man Group, will roll out a new exchange-traded fund (ETF), Financial Times reports. The Man GLG Europe Plus Source ETF is designed to outperform stock markets by trading on broker’s tips using computer algorithms.
The new offering will follow a strategy developed by a newly-formed quantitative in-house research group, MSS. The new Man ETF is expected to list with around $260 million under management.
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