Barclays Bank has launched its inaugural iPath ETN on the Borsa Italiana, providing the first volatility-linked product listed in the country, the bank says.
The iPath VStoxx Short-Term Futures Total Return ETN tracks the Eurostoxx 50 Volatility Short-Term Futures Total Return index. This measures the performance of a hypothetical, rolling portfolio invested into constant maturity implied volatilities, on the underlying Eurostoxx 50 index. Barclays Capital head of Investor Solutions for Southern Europe Fabrizio Boaron says the new iPath ETN helps investors manage risk and hedge their equity exposure. Demand for volatility is growing as investors look for ways to further diversify their portfolios and the iPath VStoxx ETN provides a simple...
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