“The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can’t achieve it.” – Jordan Belfort
May 1, 2012
DVX - VIX CAD Hedged ETN
iPath - the leading provider of volatility ETNs is launching two new products in Canada - currency-hedged version of US VXX and XVZ ETNs. To confuse things, the tickers for the ETFs will be VIX (for VXX equivalent) and DVX (for XVZ equivalent) The products provide a transparent way for investors to capture volatility curve alpha while minimizing currency risk. While these particular products are not really that important, I hope that iPath will give US-based investors access to currency hedged versions of VSTOXX-based ETFs that currently trade in Europe, or give European investors currency hedged versions VIX-based products.