Source launches volatility ETF in Europe

Source says the fund, which has a 0.60% total expense ratio per annum, has been released as a tool to help manage exposure to implied volatility, following the recent spikes in market volatility around the Greek crisis. The Vix volatility index is a widely used measure of implied volatility and is regarded as a barometer for market uncertainty. Yet Source says Vix is not easily investable. Consequently, the ETF tracks the Vix futures index, which reflects the return from rolling short-term Vix futures contracts. The firm adds until now, European investors have been limited to tradi...