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BNP Paribas To Market Volatility ETF

BNP Paribas is launching a fund that seeks to protect returns from the harms of contango.

    BNP Paribasis launching a fund that seeks to protect returns from the harms of contango,Index Universereports. TheBNP Paribas Enhanced Volatility Fundwill offer long exposure to forward-implied volatility of theS&P 500 Index.

    The ETF will invest in futures contracts related to theCBOE Volatility Index. The product will be benchmarked against theBNP Paribas Enhanced Volatility Strategy Index.

    Click here for the story fromIndex Universe.