JPM and Source launch ETF offering volatility exposure

J.P. Morgan and Source have launched a macro hedge ETF, allowing investors to gain long-term exposure to volatility.

The JP Morgan Macro Hedge US TR Source ETF is designed for sophisticated investors to be used as a hedging tool or to gain stand-alone volatility exposure. JPM's Macro Hedge range of indices take a two-pronged approach: in times of market stress they aim to capture spikes in volatility, while in normal market conditions they aim for a positive return. Head of equity and funds derivatives structuring at J.P. Morgan, Rui Fernandes said: "With more than a year of live track record and significant client investments in note and derivative format, the Macro Hedge family of indices has prov...