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UBS Launches 12 New Volatility ETNs
September 09, 2011 at 07:00 AM EDT
UBS has made a major push into a new corner of the ETP market, launching a suite of 12 new exchange-traded notes that offer targeted exposure to VIX futures contracts. The new ETNs include six products offering traditional long exposure and six that offer inverse exposure to indexes comprised of futures contracts linked to the so called “fear index.” The lineup of long VIX ETNs includes notes that target six specific maturities on the VIX index futures curve: ETRACS 1-Month S&P 500 VIX Futures ETN (VXAA) ETRACS 2-Month S&P 500 VIX Futures ETN (VXBB) ETRACS 3-Month S&P 500 VIX Futures ETN (VXCC) ETRACS 4-Month S&P 500 VIX Futures ETN (VXDD) ETRACS 5-Month S&P 500 VIX Futures ETN (VXEE) ETRACS 6-Month S&P 500 VIX Futures ETN (VXFF) Each ETN is linked to a total return index that is comprised of VIX futures with a weighted average maturity between one to six [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
UBS has made a major push into a new corner of the ETP market, launching a suite of 12 new exchange-traded notes that offer targeted exposure to VIX futures contracts. The new ETNs include six products offering traditional long exposure and six that offer inverse exposure to indexes comprised of futures contracts linked to the so called “fear index.” The lineup of long VIX ETNs includes notes that target six specific maturities on the VIX index futures curve: ETRACS 1-Month S&P 500 VIX Futures ETN (VXAA) ETRACS 2-Month S&P 500 VIX Futures ETN (VXBB) ETRACS 3-Month S&P 500 VIX Futures ETN (VXCC) ETRACS 4-Month S&P 500 VIX Futures ETN (VXDD) ETRACS 5-Month S&P 500 VIX Futures ETN (VXEE) ETRACS 6-Month S&P 500 VIX Futures ETN (VXFF) Each ETN is linked to a total return index that is comprised of VIX futures with a weighted average maturity between one to six [...]
