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Rex VolMaxx™ Lng VIX Wkly Futs Strat ETF (VMAX)

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Last Post: 7/23/2017 8:18:51 AM - Followers: 2 - Board type: Free - Posts Today: 0

 
http://www.etf.com/VMAX
 

What is VMAX?
 
The REX VolMAXX Long VIX Weekly Futures Strategy ETF provides long exposure to the
VIX Index by holding a combination of VIX futures contracts that are near to expiration. The
Fund does not seek to track the performance of the VIX Index or the S&P 500 and can be
expected to perform very differently from the VIX Index over all periods of time. As illustrated
below, the amount by which movements in the VIX Index have impacted the price of a VIX
futures contract, also referred to as “beta,” has historically increased as a contract is closer to
maturity.
Consequently, the Fund targets a weighted average of time to expiry of the VIX Futures
Contracts that is less than one month at all times.
Why VMAX?
• Seeks to minimize time to maturity of VIX futures portfolio
• Potential benefit from a negative correlation between the VIX Index and equity markets
• Equity securities that offer VIX exposure with 1099 tax reporting (no K-1s)
 

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