First ETN launched on EURO STOXX 50 volatility index on Xetra Barclays Bank extends its ETN offering on volatility indices. A new Barclays Bank ETN bearing the product name iPath has been tradable in Deutsche Brses ETN segment.
ETN name: iPath VSTOXX Short-Term Futures Total Return ETNAsset class: VolatilityISIN: DE000BC2KTT9Management fee: 0.89 percentBenchmark: EURO STOXX 50 Volatility Index (VSTOXX)
The iPath VSTOXX Short-Term Futures Total Return ETN offers investors the opportunity to participate for the first time in the performance of the EURO STOXX 50 Volatility Short-Term Futures Index (VSTOXX Short-Term Futures Index). The VSTOXX Short-Term Futures Index tracks the implicit volatility of equities in the EURO STOXX 50 index based on a hypothetical portfolio. This portfolio reflects the returns on a rolling investment in two VSTOXX futures contracts which are traded on Eurex and which have a residual maturity of one to two months.
Deutsche Brses ETN segment product range currently comprises 14 instruments on volatility, currency and equity indices. ETNs are exchange-traded debt securities. They track the performance of underlying reference indices outside the commodities sector and have been tradable on Xetra since December 2009.
D.C.