iPath Adds Another Volatility ETN (IVO)

iPath has launched another exchange-traded note offering inverse exposure to an index comprised of VIX-related futures contracts, rolling out the January 2021 Inverse S&P 500 VIX Short-Term Futures ETN (IVO). The new product is substantially similar to the Inverse S&P 500 VIX Short-Term Futures ETN (XXV) that launched in July of last year; both ETNs are linked to the inverse performance of the S&P 500 VIX Short-Term Futures Index Excess Return. That benchmark offers exposure to a daily rolling long position in the first and second month VIX Index futures contracts, rolling exposure to the underlying futures contracts continuously throughout each month and targeting a constant weighted average maturity of one month. In addition to a different inception date, IVO will be different from the existing iPath product in terms of maturity date and final valuation date; a Barclays press release noted that “the two series of ETNs are [...] Click here to read the original article on ETFdb.com. Related Posts: Reviewing All The VIX ETF Options UBS Debuts Long-Short VIX ETN New Firm Plans Inverse, Leveraged VIX ETNs ETF Pipeline Grows: More Hedge Fund Products, VIX ETNs In The Works New ETFs Grow Up Fast