New ETFs Will Track Leading Spot Indices Including VIX® Index…
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S&P Dow Jones Indices has announced that is has licensed seven spot indices to AccuShares Investment Management, LLC for the launch of exchange traded funds based upon the indices.
The indices licensed to AccuShares include:
CBOE Volatility Index® (the VIX Index)
S&P GSCI®
S&P GSCI Crude Oil
S&P GSCI Brent Crude Oil
S&P GSCI Natural Gas
S&P GSCI Industrial Metals
S&P GSCI Agriculture and Livestock
“Interest in volatility and volatility related strategies continues to grow amongst investors, as does interest in the CBOE Volatility Index (“VIX”), the leading benchmark for this space,” says Reid Steadman, Managing Director at S&P Dow Jones Indices. “We are always excited to license our indices to market innovators, such as AccuShares, which continuously look for new and novel approaches to index-based investing.”
“AccuShares is excited to launch the first exchange traded fund linked to the spot value of the CBOE Volatility Index,” says Jack Fonss, Co-Founder and CEO of AccuShares Investment Management. “We look forward to working with S&P Dow Jones Indices on other exciting opportunities which utilize the AccuShares technology.”
The widely tracked S&P GSCI® is recognized as a leading measure of general price movements and inflation in the world economy. The index – representing market beta – is world-production weighted. It is designed to be investable by including the most liquid commodity futures, and provides diversification with low correlations to other asset classes.
The CBOE Volatility Index, otherwise known as the VIX Index, is the leading measure of the stock market’s expectation of volatility, as implied by S&P 500 options. S&P Dow Jones Indices calculates various benchmarks tracking the performance of the futures contracts that settle to the VIX Index, as well as other indices that employ the VIX Index methodology.
The Chicago Board Options Exchangeâ (CBOEâ) grants S&P Dow Jones Indices the exclusive rights — and shares revenues with S&P Dow Jones Indices — to license third parties to use CBOE’s indexes, proprietary index methodologies, related marks and data, such as in connection with structured products based on the VIX Index.
Source: ETFWorld.com
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