JPMorgan has issued a slew of principal-protected notes and certificates of deposit, delta-one notes, and bespoke products on its rules-based Alternative Index Multi-Strategy 5 in recent weeks. The index combines 26 different strategies.
“The index targets a volatility of 5% and rebalances exposure to each of the underlying strategies on a monthly basis,” said Scott Mitchell, head of North America distribution the structured investments team at JPMorgan in New York.
He said the index differs from the hedge ....