S&P creates volatility strategy indices

The three sets of indices each have short-term and mid-term versions; the sets are the S&P 500 Vix Futures Variable Long/Short Index, the S&P 500 Vix Futures Tail Risk and S&P 500 Vix Futures Short Volatility Hedged. "All six of the indices take a long exposure and a short exposure," explains Sid Oberoi, senior director at S&P indices. "They will always have long and short exposure and the long component is leveraged." The long exposure for each index is achieved through leveraged exposure to the S&P 500 Vix Futures Short-Term or the S&P 500 Vix Futures Mid-Term index. Short exposure ...