FYI: Quadratic Capital Management has launched the first exchange-traded fund that provides access to the over-the-counter fixed income options market.
The fund — the Quadratic Interest Rate Volatility and Inflation Hedge ETF, which will trade under the ticker IVOL — is designed to profit from an increase in fixed income volatility and also act as a hedge against inflation. Investors will win when the yield curve steepens, or when the spread between long-term and short-term interest rates widens, whether that comes about because long-term interest rates are rising or because short-term interest rates are falling.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1fdpz5z17862x/Nancy-Davis-s-Quadratic-Capital-Launches-Novel-ETF
