The JP Morgan Macro Hedge Dual TR Source ETF is a euro-denominated fund that aims to capture spikes in US equity volatility switching from long to long/short exposure depending on market conditions.
During times of particular stress, the fund can add up to 25% to volatility in European equities even though European volatility markets still lag the US.
Domiciled in Dublin, the ETF is Ucits compliant and listed on the London Stock Exchange. It trades in euros and is also registered for sale in Luxembourg, Austria, Finland, France, Germany, Ireland, Italy (for institutional investors only), the Netherlands, Norway, Sweden and the UK.
It is the second in the JP Morgan Macro Hedge series, with the first – the JP Morgan Macro Hedge US TR Source ETF launched in February – holding $200m in assets.
