Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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’.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the man building Towry into an £11bn giant

Profile: meet the man building Towry into an £11bn giant

As a former engineer who worked on Hong Kong International Airport, Rob Devey is not afraid of taking on major projects

Wealth Manager on Twitter