Source launches European real estate ETF on Deutsche Börse

Oct 10th, 2016 | By | Category: Alternatives / Multi-Asset

European exchange-traded fund provider Source has launched the Source GPR Real Estate Europe UCITS ETF (REES) on Deutsche Börse’s Xetra and Frankfurt exchanges.

Source launches real estate ETF on Deutsche Börse

The Source GPR Real Estate Europe UCITS ETF provides investors with exposure to leading real estate companies and REITs listed in Europe.

Tracking the Global Property Research 75 Liquid Developed Europe Real Estate Index, the ETF gives investors access to the performance of leading real estate companies based in Europe. The index comprises 75 real estate companies or REITs operating in the office, residential, retail, industrial, healthcare and diversified property segments. The index is weighted according to free float market capitalisation.

The largest country exposures are to the UK (27.4%), France (21.0%), Germany (20.4%), Sweden (7.1%) and Switzerland (5.9%). The largest sector exposures are to Real Estate Holding & Development companies (44.2%), Industrial & Office REITs (22.5%), Retail REITs (16.0%), and Diversified REITs (13.6%).

The ETF has a total expense ratio of 0.50%.

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