BarCap to launch ETN on VStoxx Futures index

The VStoxx Mid-Term Futures index measures the performance of a hypothetical, rolling portfolio invested into constant maturity implied volatilities on the underlying Eurostoxx 50 index. The rolling investment is made into four VStoxx futures contracts traded on Eurex, which have a remaining maturity of four, five, six and seven months. Barclays says is will soon offer direct access to the index through the launch of an iPath exchange-traded note (ETN). Barclays Capital head of origination, equity and fund structured markets Antti Suhonen says the new index complements the existing...