AccuShares Spot CBOE VIX Up Shares fka VXUP

[Wildbilly]

AccuShares Launching New VIX ETFs: How VXUP And VXDN Work | Seeking Alpha

Summary

On May 19 a new pair of VIX ETFs hit the market (VXUP & VXDN).
These ETFs are designed to track spot VIX instead of VIX futures.
Some nuances of the funds' operation may catch investors off guard.
On Tuesday next week we will see a new pair of VIX ETFs hit the market: VXUP and VXDN from AccuShares Management. Unlike existing VIX ETPs which move based on VIX futures, these new ETFs will move based on the price of spot VIX.

However, the operation of these funds is not as straight forward as one might expect. I've gone through the 150 page prospectus and have briefly outlined what you can expect from these new products (the full prospectus is available here for those interested in additional details).


(Read more:) http://seekingalpha.com/article/3188496-accushares-launching-new-vix-etfs-how-vxup-and-vxdn-work

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