Source Launches In The United States

NEW YORK, Sept. 16, 2014 /PRNewswire/ -- Source, a global investment firm and one of the fastest-growing Exchange Traded Fund (ETF) providers in Europe, is bringing its distinctive approach, established track record and considerable resources to the U.S. market.

The firm's U.S. launch is spearheaded by a management team of ETF veterans led by co-founders Ted Hood, CEO and Peter Thompson, President. They are joined by Executive Chairman Lee Kranefuss, an ETF pioneer and the architect of iShares, and Senior Advisor Richard Goldman, formerly CEO of Rydex|Security Global Investors and COO of Guggenheim Investments.

Earlier this year, Warburg Pincus, a global private equity firm focused on growth investing, acquired a majority stake in Source, joining the firm's management team and five of the world's largest investment banks—BofA Merrill Lynch, Goldman Sachs, J.P. Morgan, Morgan Stanley and Nomura—as shareholders.

"Entering the U.S. is the next step in the growth of our global business," Mr. Thompson said. "We see a tremendous opportunity to deliver market-driven, value-added products to American investors, and are excited about the opportunity to serve the U.S. market."

Source has an impressive 5-year track record in the European Exchange Traded Product market. The firm's diverse family of specialized differentiated equity, fixed income, commodity and alternative assets investment products—and partnerships with some of the most well-respected asset managers in the industry—has attracted more than $19 billion in AUM and more than $575 billion in investor trades since launching their first products in 2009. 

"As a global independent ETF firm, we are unconstrained internally and free to partner with the world's leading money managers and other providers of investment content, while still enjoying the support of the largest financial institutions and trading firms," said Mr. Kranefuss. "These partnerships put Source in a unique position to offer investors access to investment strategies to serve their needs that were previously unavailable and give world class managers exposure to an untapped audience."

Source's first investment product for the American market, the Source EURO STOXX 50 ETF, offers highly liquid exposure to the index of choice for European equity markets. The EURO STOXX 50 Index is comprised of 50 of the largest companies domiciled in the Eurozone and is the primary hedging tool used by global trading desks. This ETF is the latest product created from Source's five-year relationship with the index provider Stoxx.

For more information about Source or the Source EURO STOXX 50 ETF, please contact Chris Moon of JCPR at 973-850-7304 or [email protected].

About Source
Source is a global investment firm and dedicated Exchange Traded Fund (ETF) provider. Source delivers a suite of distinctive ETFs to investors by working with world class asset managers and other providers of innovative investment solutions. Supported by major financial institutions, Source globally has over $19 billion in assets under management across multiple asset classes in partnership with leading global asset managers. Source is focused on delivering value to investors through a combination of core and enhanced indices, strong partnerships and active trading. Source has a proven track record of engineering innovative products across asset classes including equity, fixed income, commodities and alternatives focusing on liquidity and increased transparency. Source's commitment to excellence, focus on integrity and emphasis on partnerships provides investors with the tools and education required to meet their objectives. To learn more, visit us at www.sourceETF.com.

About the Fund
The Source EURO STOXX 50 ETF (the "Fund") is registered with the U.S. Securities and Exchange Commission as a non-diversified, registered investment management company, pursuant to the Investment Company Act of 1940. An investment in the Fund is subject to risk, including the loss of principal amount invested. There is no guarantee the Fund will achieve its investment objective. The Fund's shares may be more volatile than the performance of a broadly diversified portfolio. The Fund is not by itself a complete or balanced investment program.

Shares of ETFs are bought and sold at market price (not net asset value (NAV) and can be acquired or redeemed directly from a fund at NAV only in large blocks of shares called Creation Units. Brokerage commissions will reduce returns. Market forces may result in shares trading at a significant premium or discount to NAV. Although the shares are currently listed on an exchange, there can be no assurance that an active trading market for the shares will develop or be maintained. 

The Fund's performance is expected to be closely tied to social, political, and economic conditions within Europe and to be more volatile than the performance of more geographically diversified funds. An investment in European securities can be adversely affected by a variety of factors, among which are: restrictions on inflation rates, deficits, interest rates, debt levels and fiscal and monetary controls imposed by the European Union or European Monetary Union; historically high unemployment and significant debt problems in certain European nations; recently volatility in European financial markets due to concerns about economic downturns or rising government debt levels. Currently, a significant portion of the Index is allocated to securities of companies in France, Germany and Spain.

Recent events have adversely affected the exchange rate of the euro and may continue to significantly affect every country in Europe, including countries that do not use the euro. Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the Fund's investment and the value of your Fund Shares. Because the Fund's NAV is determined in U.S. dollars, the Funds NAV could decline if the currency of the non-U.S. market in which the Fund invests depreciates against the U.S. dollar, even if the value of the Fund's holdings, measured in the foreign currency, increases.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expense. This and other information is in the prospectus, a copy of which may be obtained at www.sourceETF.com or by calling 1-844-3SOURCE. Please read the prospectus carefully before you invest.

Fund Source (US), LLC, distributor.

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