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VXZ

iPath Series B S&P 500 VIX Mid-Term Futures ETN

http://www.barclaysinvestments.co.uk

Industry

Asset Management

The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exposure to one or more maturities of futures contracts on the CBOE Volatility Index®.

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The VIX index, known as Wall Street's fear gauge, is at a three-year low, indicating low investor fear and a positive sentiment towards equities. The S&P 500 and SPDR S&P 500 ETF (SPY) have both gained 24% over the year. The VIX's inverse correlation with equity markets suggests a potential rally, but it cannot predict unforeseen events or guarantee a continuation of the trend into 2024. Investors are advised to be cautious of complacency in the market.

Portfolio Pulse from Neil Dennis

December 20, 2023 | 7:14 pm

The Federal Reserve minutes from the June 14 meeting are expected to confirm the board's strong majority for two additional rate hikes in 2023 and the intention to maintain higher interest rates for an extended period. However, market participants remain skeptical that the Fed can enact two more rate hikes in 2023. The CBOE Volatility Index (VIX) rose by 3% ahead of the release of the minutes. ETFs that track the VIX index include VXX, VIXY, TVIX, UVXY, VXZ, XIV, and SVXY.

Portfolio Pulse from Piero Cingari

July 05, 2023 | 4:04 pm

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