Source
Source is a specialist provider of Exchange Traded Products (ETPs) with a unique approach and deep roots in the trading community. Founders of Source are some of the largest participants in the ETP market: Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley. Together, the participants recognise the value in creating a new, common standard for ETPs.
Source is an open architecture platform designed to deliver enhanced liquidity, increased transparency, reduced fragmentation, diminished counterparty risk and improved market performance. Source realises the importance of taking into account multiple perspectives while harnessing cooperation and competition in order to build compelling products. To gain momentum, Source is focused on both enhancing existing markets and entering new markets. Source is actively seeking additional partners for its venture. The specialist provider is confident that its unique approach to ETPs will deliver a superior investor experience and a rapid growth in assets.
Assenagon
Based on our performance and long-time experience in the area of Exchange Traded Funds (ETFs), Assenagon Asset Management S.A. was selected by Source Investment Management Ltd. as investment manager for the project.
In addition to Hans Günther Bonk and Vassilios Pappas, our foundation partners, several of our present partners and staff members like Oliver Grimm, Sabine Hilgner, Dorian Ruffini and Martin Weithofer have contributed in significant measure to the successful establishment of the company INDEXCHANGE Investment AG. From the time of its founding in 2000, INDEXCHANGE has developed within a very short time into one of biggest suppliers of ETFs in Europe.
INDEXCHANGE was followed by a large number of new establishments in this segment. This has resulted in a very fragmented market in Europe, in which there are a great many smaller suppliers and only few truly large ones. As investment manager, Assenagon promotes the joint project Source that was founded by Bank of America Merrill Lynch, Goldman Sachs und Morgan Stanley. Among other things, Source pursues the objective to advance, as an open platform, the consolidation in the market segment of ETFs.