Following iShares, Source has listed a new European equity ETF which excludes the UK.
The new Source MSCI Europe ex-UK UCITS ETF (MXUK: GR) will cover medium to large companies across 14 of Europe's richest countries.
Source's product has the same structure and tracks the same index as the iShares MSCI Europe ex-UK UCITS ETF.
Source claims that its competitive edge is its cost of 0.20 percent per annum ‚Äî cheaper than iShares 0.40 percent per annum.
"Some investors may want to separate their exposures to Europe and the UK, especially after last week's election resulted in a hung Parliament," said Chris Mellor, product specialist at Source. "This ETF effectively puts them in control of the allocation."