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Source shuts non-viable volatility ETF

Source shuts non-viable volatility ETF

An exchange-traded fund (ETF) launched two years ago to invest in short-term volatility is to close.

The Source Nomura Voltage Short-Term Ucits ETF has lost half its value over the past year, struggling with a historically low-volatility environment.

The product was intended as a tactical option for investors seeking exposure to short-term spikes in volatility, rather than as a buy-and-hold hedge against volatility.

Source told investors that it had decided ‘with regret’ that ‘it is in the best interests of the shareholders to terminate the fund as soon as reasonably practicable’ because ‘the continued existence and operation of the fund is not economically viable’.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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