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FADING LIGHT?

HARD TO MISS

J.P. Morgan has launched the J.P. Morgan Macro Hedge Dual TR Source ETF in conjunction with Source. The Dublin-domiciled fund combines US and European volatility exposure in a single product.

ETFs

The S&P 500 closed at its highest level since May 2008 after Fed chairman Ben Bernanke hinted the US central bank would keep in place its supportive monetary policy.

A new corporate structure for Irish SICAVs that meets United States check-the-box taxation rules has been given the backing of the Minister for Finance which, in principle, will see the development of legislative proposals.