Source has rolled out a new exchange-traded fund (ETF), IFA Online reports. The EuroStoxx Optimised Banks ETF, which has been designed to offer exposure to eurozone banks, will track the Euro Stoxx Optimised Banks EUR Index, adds IFA Magazine. The fund will track an underlying index consisting of 24 euro denominated stocks chosen from the EuroStoxx universe of 312 companies from 12 eurozone countries. The Ireland-domiciled vehicle will be launched on the Deutsche Boerse’s Xetra platform.
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