Fund launches & closures Wrappers / Structures

Source starts first European ETF on VIX futures

by

Source, the specialist exchange-traded fund provider to European investors that is run in partnership with several leading international investment banks, has announced the launch of its new S&P 500 VIX Futures ETF.

The firm says the fund is the first volatility-linked ETF in Europe to track the S&P 500 VIX Short-Term Futures Total Return index. "Recent spikes in market volatility around the Greek crisis have accentuated risk aversion and highlighted the need to manage exposure to implied volatility," said the firm in a statement. "This new addition to Source's product range offers convenient, liquid exposure via VIX futures."

Source