Abstract
Volatility has emerged has an important asset class in last decade. Often referred to as the investor fear gauge, it can be a potentially useful diversification tool in a broad equity portfolio, especially under down markets. However, it is not possible to trade spot VIX directly. With launch of S&O 500 VIX Futures Index Series in January 2009, a variety of popular exchange traded products linked to these indices offer broad market access to volatility trading. In this paper, we elaborate on portfolio hedge and distributional properties of VIX futures based indices versus those of spot VIX.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
