Launches & Closures

Source teams with JP Morgan, Nomura for volatility ETFs


Exchange-traded fund provider Source has partnered with investment banks Nomura and JP Morgan for the launch the two latest additions to its growing range of volatility-based ETF products.

The Nomura Voltage Short-Term Source ETF aims to provide responsive and tactical exposure to volatility by tracking the Nomura Voltage Strategy Short-Term 30-day USD TR Index.

The index seeks to capture spikes in volatility while reducing associated slide costs. This is the second Source ETF in the Nomura Voltage series, following the April 2011 launch of the Nomura Voltage Mid-Term Source ETF, which now has assets of over $542 million.