In a market first, the ETF adopts a more targeted structure, with each synthetic autocall referencing one of 11 underlying indices and Goldman Sachs acting as the hedge provider.
VegaShares ETF Trust (VegaShares) has launched its first autocallable exchange-traded fund (ETF), six weeks after the startup co-founded by two former senior BMO bankers made its product debut . The derivatives-focused ETF provider is adding a unique feature to the bustling segment by applying an adaptive volatility target (VT) mechanism to autocalls, as opposed to a static approach often seen across the ETF, structured notes and annuities market. “The goal is to optimise yie