Tabula expands range with global credit volatility premium ETF

The new product will offer investors a way to capture the difference between realised and implied volatility in the credit default swap (CDS) index options markets. The ETF replicates the returns of the J.P. Morgan Global Credit Volatility Premium index, which sells options on the iTraxx Crossover and CDX HY indices (comprised of 75 European and 100 North American names respectively), while also applying a daily hedge to the credit spread exposure. The resulting strategy offers performance driven by the difference between implied and realised credit spread volatility, with the CDS ind...