VelocityShares builds on volatility-focused line with three new ETNs

By Susanna Moon

Chicago, July 14 – Janus Capital Group Inc. said it has developed three exchange-traded notes that use volatility strategies to be issued by UBS AG under its VelocityShares brand.

The VelocityShares VIX Variable Long/Short ETN (NYSE:LSVX), the VelocityShares VIX Tail Risk ETN (NYSE: BSWN) and the VelocityShares VIX Short Volatility Hedged ETN (NYSE:XIVH) have underlying indexes have been published since 2011, according to an announcement by Janus Capital Group, Inc.

The volatility-strategy ETNs use a systematic approach to investing in VIX futures that has a net long or net short volatility position that varies due to daily changes in the volatility market, the release noted.

“These products are the result of our experience in developing sophisticated exchange-traded products for institutional investors that seek to use volatility as a component of their portfolios,” Nick Cherney, senior vice president and head of ETPs at Janus Capital Group, said in the press release.

Added Steve Quinn, head of ETP distribution at Janus Capital Group: “The products allow sophisticated investors to implement volatility strategies without the need to actively trade underlying positions on a daily basis.”

The volatility-strategy ETNs are the first ETNs to be launched since Janus acquired VS Holdings, Inc., the parent company of VelocityShares, LLC in November of 2014, the release said.

The ETNs are the first UBS-issued products launched by Janus Capital.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.