JP Morgan launches tradeable retail petrol index in Germany

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JP Morgan has launched an index that monitors the changes in the retail pump price of petrol in Germany. The JP Morgan SuperBleifrei Flat Tax Index is a tradeable index, and is intended for use in structured investment products to enable investors to protect against and profit from rising petrol prices.

"The index is designed for retail investors in Germany who want to hedge against higher petrol prices at the pump," says Tim Owens, head of the currency and commodity solutions group at JP Mor