VELOCITYSHARES DAILY INVERSE VIX SHOR: (AMEX: XIV)
May 21 01:37 PM ET
BENCHMARK for XIV
SP 500 VIX MID-TERM FUTURES INDEX ER
index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The S&P 500 VIX Short-Term Futures Index ER targets a constant weighted average maturity of 1 month.The ETNs are linked to the daily inverse return of the index.
FUND SUMMARY FOR XIV
VELOCITYSHARES DAILY INVERSE VIX SHOR
It is senior, unsecured obligations of Credit Suisse. Its return is linked to the inverse of the daily performance of the S&P 500 VIX Short-Term Futures Index less the investor fee. Traders can express their market views on the short-term futures contracts on the CBOE SPX Volatility Index. It does not guarantee any return of principal at maturity and do not pay any interest during their term.
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