Exchange Traded Products & Indexing Guide Switzerland 2013

SourCE MarKEtS PLC
The US energy landscape is undergoing a profound structural
shift as technological advances allow the extraction of oil
and gas from previously inaccessible reserves. Master Limited
Partnerships (MLPs) are central to this transformation. MLPs
own and operate many of the US’s core infrastructure assets,
including pipelines, storage, processing facilities and gathering
iSSuEr source Markets plc
nuMbEr of ProduCtS
MlPs sW (dividend reinvesting)
MlPd sW (dividend distributing)
trading CurrEnCy usd
fEES Mgt. fee: 0.50% / swap fee: 0.75%
bEnChMarK Morningstar ® MlP composite Index sM (Tr)
LaunCh datE 15 May 2013
auM $120Mn (as of 09/08/2013)
hEdging no
wEbSitE www.source.info
PhonE nuMbEr +44 (0)20 3370 1100
Chf daiLy CurrEnCy-hEdgEd CoMModity SECuritiES
ETF Securities has developed a range of 28 Swiss Franc Daily
Currency-Hedged Commodity Securities on SIX Swiss Exchange.
The impact of currency movements on investment
returns can be significant. These products offer an opportunity
for investors to achieve a total return exposure to commodities
in Swiss Francs whilst mitigating the effects of fluctuations in
iSSuEr swiss commodity securities limited
nuMbEr of ProduCtS 28
trading CurrEnCy chF
fEES 0.49%
bEnChMarK
LaunCh datE 28.01.2013
hEdging daily hedging
swiss Franc hedged daily versions of
the dow Jones-uBs commodity Indices
wEbSitE www.etfsecurities.com
PhonE nuMbEr +44 (0)20 7448 4330
69 ExchangE TradEd ProducTs & IndExIng guIdE Switzerland 2013
systems. The Source Morningstar US Energy Infrastructure
MLP UCITS ETF is the first European ETF to offer exposure
to this high dividend and rapidly growing space. Source is
a leading European ETP provider with US$14BN in assets in
equity, fixed income and commodity products, it had the second
highest net new assets in Europe in 2012.
MorningStar MLP CoMPoSitE tr indEX
%
450
400
350
300
250
200
150
100
50
2004 2005 2006 2007 2009 2010 2011 2012 2013
Morningstar MLP Composite TR Index
US Energy Infrastructure MLP ETF A (NAV)
source: Bloomberg
2008
the US Dollar–Swiss Franc exchange rate through a currency
hedging mechanism that operates on a daily basis. These securities
track the performance of the Swiss Franc Hedged Daily
versions of the Dow Jones-UBS Commodity Index SM and its
sub-indices. Our products track commodities across a variety
of sectors.
CurrEnCy hEdgEd VS. unhEdgEd CoMModity
%
250
200
150
100
50
0
2003 2004 2005 2006 2007 2009 2010 2011 2012 2013
DJ-UBS Commodity Index – CHF Daily hedged
DJ-UBS Commodity Index – CHF Un-hedged
USD/CHF Exchange Rate
source: Bloomberg, ETF securities
2008