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VZZ

July was another hectic month for equities, as the world struggled to deal with numerous debt crises that put downward pressure on global markets. In our first full month off of the quantitative easing program, rumors have already sprung up that a QE3 may be in store, as markets have failed to establish a strong trend higher, although bond yields have remained subdued. July saw a number of firsts, with one of the most surprising being that Apple Inc. (AAPL) hit $400 per share for the first time; the company is just $50 billion away from being the most valuable firm in the world. This month also saw gold finish above the $1,600 per ounce mark for the first time, as investors sought safe havens amid the uncertain future of the debt crises in Europe and the U.S. [click to continue…]

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Monday marks the first day of trading for the iPath Long Enhanced S&P 500 VIX Mid-Term Futures ETN (VZZB), a new exchange-traded note that will offer leveraged exposure to an index comprised of mid-term VIX futures. The underlying volatility benchmark consists of four-, five-, six- and seven-month futures contracts on the CBOE Volatility Index (better known as the VIX), and VZZB will deliver returns that correspond to the 2x leveraged return of that benchmark over the life of the note. Unlike ETFs that may operate indefinitely, exchange-traded notes are debt instruments that feature predetermined maturity dates. VZZB will mature in July 2021. [click to continue…]

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For the second time this year, an exchange-traded note will be redeemed by the issuing institution after the intraday indicative value declined to less than $10. According to a press release from Barclays, VZZ’s IIV dipped below the $10 level shortly before noon ET on Friday; the actual redemption date will occur on the fifth […]

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Reviewing All The VIX ETF Options

by on December 10, 2010 | Updated October 26, 2012

The impressive ETF boom that has unfolded over the last several years has been the result of a number of attractive features of the exchange-traded structure relative to traditional mutual funds. In addition to considerably lower expenses, intraday liquidity and enticing tax breaks have fueled interest in ETPs, which now number nearly 1,500 in the […]

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UBS became the latest issuer to introduce a product linked to a VIX-related index on Wednesday, launching the E-TRACS Daily Long-Short VIX ETN (XVIX). The new exchange-traded note, which is linked to the S&P 500 VIX Futures Term-Structure Index Excess Return, is the first U.S.-listed ETP to offer investors exposure to a strategy that includes […]

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