Horizons BetaPro unveils US volatility ETFs

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Horizons BetaPro (HBP) has launched the first Canadian ETFs to track the S&P VIX 500 Short-Term Futures index, a measure of US stock market volatility.

The new launch includes the Horizons BetaPro S&P 500 VIX Short-Term Futures ETF - the Single VIX - and the Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF - the Double VIX. The Double VIX ETF is breaking additional ground as the world's first two-times leveraged ETF on the S&P VIX S-T Index, according to HBP. BetaPro president Howard Atkinson says the launch means Canadian investors need not necessarily be afraid of stock market volatility. The S&P VIX S-T index is a volatility benchmark comprised of first and second month futures contracts based on the Chicago Board ...

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