UK-based ETP provider Source has announced that its JP Morgan Macro Hedge Dual TR Source ETF has now been listed in USD (ticker MHDX) on the London Stock Exchange.

Source has added a USD-tradable listing line to its existing EUR-tradable JP Morgan Macro Hedge Dual TR Source ETF.

This new listing complements the existing listing in EUR (ticker MHDU) on the LSE, and provides a USD‐tradable listing for efficient access to volatility via the ETF structure.

JP Morgan Macro Hedge Dual TR Source ETF tracks the JP Morgan Macro Hedge Dual TR Index and offers European investors exposure to both US and European volatility in a single product.

Launched on 2nd April 2012, the fund has already seen strong inflows, taking its assets under management to €81 million.

The fund is the second ETF in the JP Morgan Macro Hedge series. The first, the JP Morgan Macro Hedge US TR Source ETF (MHUU), was launched in February and now has assets of over $244 million.

Ted Hood, CEO of Source, said: “Volatility products continue to see strong interest in Europe. The new USD listing allows investors to gain a dynamic exposure to both US and European volatility via the JP Morgan Macro Hedge Dual strategy, while giving them the flexibility to trade in EUR or USD.”

The JP Morgan Macro Hedge Dual Index takes exposure to US equity volatility, switching from long to long/short exposure depending on market conditions, and adds up to 25% exposure to European equity volatility during market stress. By combining US and European volatility exposure in a single product, it aims to offer some regional diversification without compromising on liquidity.

* An index cost of 0.75% per annum and certain notional rebalancing costs are included in the calculation of the Benchmark.