SOURCE: Interactive Data

Interactive Data

October 01, 2014 09:00 ET

Indicative Pricing Including Fair Value Information to Be Available for the Source Euro STOXX 50 ETF (ESTX) to Support Investor Trading

Source Partners With Interactive Data to Provide Up-to-the-Minute Indicative Pricing Including Fair Value Information for International Equity Securities

NEW YORK, NY--(Marketwired - Oct 1, 2014) - Source, a global investment firm and dedicated Exchange Traded Fund (ETF) provider, has subscribed to Interactive Data's ETF Services including fair value adjusted inputs for international equities as part of the published intraday indicative pricing (sometimes referred to as iNAV or IOPV) available to investors. Source will provide indicative pricing updates to investors every 15 seconds during U.S. trading hours for the Source EURO STOXX 50 ETF (NYSE: ESTX).*

Recently launched in the U.S. market, the Source EURO STOXX 50 ETF seeks to replicate the EURO STOXX 50 Net Return Index, Europe's premier index for tracking blue-chip stocks in the Eurozone and the primary hedging tool utilized by global trading desks. The benchmark consists of 50 companies from 12 Eurozone nations.

"We are always eager to partner with the best service providers to connect investors with market-driven solutions that meet their needs. Our relationship with Interactive Data is an extension of this commitment," said Peter Thompson, President of Source. "For the first time in a U.S. listed ETF, investors in an international equity ETF have access to an indicative price that includes real-time fair value adjustments after the time of local market close from an independent, recognized third party. We are proud to be able to help investors stay ahead of the curve."

Interactive Data, a recognized leader in global securities pricing, evaluations, and reference data, utilizes a patented, bottom-up methodology to determine and incorporate the relationships between price changes in local markets and various factors available during U.S. market hours. It analyzes fair value information for each covered equity security using a four-step process, and applies strict quality controls. Through its Exchange Traded Fund and Index (ETFI) services division, Interactive Data generates and disseminates IOPV calculations for ETFs listed on exchanges across the world. 

"Trading strategies are only as good as the underlying data that investors have at their fingertips, and indicative pricing including Real-Time Fair Value Information Service inputs is designed to deliver the most up-to-date pricing data to help investors make well-informed investment decisions," said Rob Haddad, Senior Director of Evaluated Services at Interactive Data. "Our service makes it easier for investors to quickly pull up pricing data that reflects current market conditions for international ETFs, which changes the ETF space for the better."

Investors can access indicative pricing data for the Source EURO STOXX 50 ETF by adding "IV" to its ticker symbol (NYSE: ESTX) in Bloomberg and Reuters.

About Interactive Data
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.

For more information, please visit www.interactivedata.com.

Pricing, evaluations and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.

About Source
Source is a global investment firm and dedicated Exchange Traded Fund (ETF) provider. Supported by major financial institutions, Source globally has approximately $20 billion in assets under management across multiple asset classes in working 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.

* The pricing updates provided by Interactive Data Corp. are used to calculate an indicative optimized portfolio value per share ("IOPV") for the Fund. The IOPV is an intraday estimate of the Fund's net asset value per share ("NAV"). However, the IOPV should not be viewed as an actual "real-time" update of the NAV, which is calculated only once a day pursuant to valuation and pricing policies adopted by the Fund's board of trustees, and which will differ from how the IOPV is calculated. The IOPV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time. Premiums and discounts between the IOPV and the Fund's market price may occur.

An investment in the Fund involves risk, including possible loss of principal.

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. A prospectus with this and other information about the Fund is available at www.sourceETF.com or by calling 844-3SOURCE (844-3768723). The prospectus should be read carefully before investing.

The Fund is registered with the U.S. Securities and Exchange Commission as a non-diversified, management investment company, pursuant to the Investment Company Act of 1940. 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 in Creation Units only. Brokerage commissions will reduce returns. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most ETFs) and do not represent the returns you would receive if you traded shares at other times.

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.

The EURO STOXX 50 Net Return Index and its related trademarks are proprietary to STOXX Limited. The EURO STOXX 50 Net Return Index and the related trademarks have been licensed for certain purposes by Source. The Source EURO STOXX 50 ETF is not sponsored, sold, endorsed or promoted by STOXX Limited.

Shares of the Fund are distributed by Fund Source (US), LLC, not affiliated with Interactive Data Corporation or its affiliates.

Contact Information