Launches & Closures Mergers & Acquisitions / Joint Ventures

Source and Nomura team up for new volatility-linked ETF


Exchange-traded products specialist Source has teamed up with Nomura to launch the Nomura Voltage Mid-Term Source ETF, tracking the Nomura Voltage Strategy Mid-Term 30-day USD TR index.

The two firms say that this is the first volatility-linked ETF to be offered in Europe that takes a tactical approach to volatility, “allowing investors to capture volatility spikes whilst decreasing the costs associated with a constant long volatility position”.

The Voltage index aims to capture spikes in volatility, while mitigating the cost of holding a systematically long volatility position. It provides volatility-adjusted exposure to the S&P 500 VIX Mid-Term Futures