ProShares Introduces Volatility Futures in an ETF
Friday, January 7th, 2011Ron Rowland submits:
Prior to January 4, ETNs (exchange-traded notes) were the only way to get exposure to VIX volatility futures via an exchange-traded product (ETP). Now, ProShares provides access in the more desirable ETF format with ProShares VIX Short-Term Futures (VIXY) and ProShares VIX Mid-Term Futures (VIXM) ETFs.
ProShares VIX Short-Term Futures ETF (VIXY) will attempt to match (less the 0.85% expense ratio) the performance of the S&P 500 VIX Short-Term Futures Index, which targets a constant, weighted-average term of one month. VIXY overview page.
