VIX Designer Warns Against Holding On To Volatility ETFs
October 22, 2013 at 07:30 AM EDT
Investors can utilize CBOE Volatility Index, or “VIX,” linked exchange traded notes to hedge against sudden market swings. However, the investment strategy should not be used as a long-term position. Robert E. Whaley, credited as the architect of the so-called fear index, stated that...