Seeking Alpha
 

Barclays ETN+ VEQTOR S&P 500 Linked ETN (VQT)

- NYSEARCA
  • Dec. 5, 2014, 4:01 PM
    • The UBS ETRACS S&P 500 VEQTOR Switch ETN (NYSEARCA:VQTS), launched Wednesday, provides exposure to the S&P 500 Index, but pivots around a market volatility target of 10 percent.
    • After reaching that target, "the Index shifts a portion of its allocation to the S&P 500 VIX Futures Long/Short Switch Index, representing volatility, and reduces its exposure to the S&P 500 Index such that the equity component of the Index maintains its 10% volatility target," as stated in the prospectus.
    • Other hedged equity ETFs: VQT, PHDG, VIXH, VSPY, SPXH, TRSK
    | 2 Comments
  • Jul. 1, 2014, 12:40 PM
    • Traditionally a mutual fund issuer, Compass EMP is striking out into the ETF industry with the creation of 3 smart beta funds, each tracking an index made by Compass EMP.
    • The Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (CDC), Compass EMP U.S. 500 Volatility Weighted Index ETF (CFA), and Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (CFO) will all begin trading on July 2nd.
    • These funds all feature a focus on volatility management and will charge an expense ratio between 58 and 68 basis points.
    • U.S. ETFs with a focus on volatility: SPLV, LGLV, USMV, VQT, PHDG, XSLV, SPXH, XMLV, SMLV, ERW, VIXH
    | Comment!
  • Mar. 18, 2014, 1:24 PM
    | 6 Comments
  • Mar. 3, 2014, 3:05 PM
    | 3 Comments
  • Jan. 24, 2014, 12:56 PM
    • Call option bets on the VIX this week soared to a record high 8.4M contracts at the CBOE. "A lot are buying in size," says Mike Palmer, who sits at the center of the VIX pit. With volatility so low, speculators "can get a lot of bang for their buck." About 81% of VIX options trading yesterday was in call options.
    • After a 7.2% jump Thursday, the VIX is up another 14% today, but - at 15.67 - still well below the 20-year average of 20.50.
    • VIX ETFs: VXX, UVXY, TVIX, XIV, VIXY, SVXY, ZIV, VXZ, VIXM, VQT, CVOL, VIIX, XVZ, VIXH, PHDG, ACWV, XVIX, XXV, TVIZ, IVOP, VIIZ
    | 3 Comments
  • Dec. 19, 2013, 11:26 AM
    • The PowerShares Senior Loan Portfolio (BKLN) was honored with the William F. Sharpe Award for ETF Product of the Year this morning.
    • Since opening in March 2011 and becoming the first floating-rate senior loan ETF, this Invesco (IVZ) fund has amassed over $6.2 billion in assets under management, making it easily the largest player in the space.
    • "BKLN was a groundbreaking listing for investors seeking to reduce duration in their bond holdings and has become a flagship ETF in this space" stated Gregory Stoeckle, President and Managing Director of Invesco Senior Secured Management, Inc, in a press release.
    • Also receiving honors this morning is the PowerShares S&P 500 Downside Hedged Portfolio (PHDG), which was named the ETF Innovation of the Year, along with its underlying index: the S&P 500 Dynamic VEQTOR Index.
    • Other senior loan ETFs: SRLN, SNLN, FTSL
    • Other VIX ETFs: VXX, UVXY, TVIX, XIV, VIXY, SVXY, VXZ, ZIV, VIXM, VQT, CVOL, XVZ, VIIX, VIXH, ACWV, XVIX, XXV, TVIZ, IVOP, VIIZ
    | 12 Comments
  • Dec. 3, 2013, 3:30 PM
    • Higher again today, the Volatility Index has gained for six straight sessions and is now at a 7-week high. Taper fear makes for a good excuse, but Baird's Bruce Bittles says the stock market - after notching its longest string of weekly advances in nearly a decade - simply needs a break.
    • MKM's Jim Strugger says a number of potential negative catalysts lie ahead - notably Fed meetings in mid-December and late January, the January 1 deadline to sign up for Obamacare, and January 15 end of the current government spending authority (don't forget Friday's employment report).
    • VXX +3.6%.
    • ETFs: VXX, UVXY, TVIX, XIV, VIXY, SVXY, VXZ, ZIV, VIXM, VQT, CVOL, VIIX, XVZ, VIXH, ACWV, PHDG, XVIX, XXV, TVIZ, IVOP, VIIZ
    | Comment!
  • Nov. 4, 2013, 3:47 PM
    | 2 Comments
  • Oct. 8, 2013, 4:05 PM
    • Recent buyers of the volatility ETPs are looking smart, with the VXX up 19% in the last 5 days, and the VIIX and VIXY up even more, but that doesn't change the "buyer beware" aspect of these very short-term products, says IndexUniverse analyst Paul Britt. Nice work, he says. Enjoy your profits ... "but this is definitely not the kind of thing you want to leave in your portfolio for a long period of time.”
    • Related ETPs: CVOL, VXX, VIIX, VXZ, VIIZ, TVIX, TVIZ, XXV, XIV, ZIV, XVIX, VQT, VIXY, VIXM, XVZ, IVOP, UVXY, SVXY.
    | 3 Comments
  • Sep. 24, 2013, 12:18 PM
    • "We're not trying to kill the Vix," says NationsShares President Scott Nations, whose firm is set to launch what it says is a better way to measure volatility.
    • The underlying security for the Nations Large Cap VolDex is the SPY vs. the far less liquid SPX options for the Vix. VolDex, says Nations, also strips away deep out-of-the-money options whose prices are easily skewed by traders willing buy lottery tickets, no matter the cost.
    • It's not the first threat to the cash cow for the CBOE, and the exchange has already criticized the new measure for being too narrowly focused. Nearly 24M Vix futures contracts were traded last year.
    • 'I would be shocked if traders decided to start using VolDex in lieu of the Vix,” says Jason Goepfert. “It’s a flawed index ... but it has become institutionalized."Nations VolDex Implied Volatility Indexes.Vix ETFs: CVOL, VXX, VIIX, VXZ, VIIZ, TVIX, TVIZ, XXV, XIV, ZIV, XVIX, VQT, VIXY, VIXM, XVZ, IVOP, UVXY, SVXY.
    | Comment!
  • Sep. 18, 2013, 10:43 AM
    • The VIX could be coiled for a major spike the next time equities stumble, says SocGen, noting short interest in VIX futures has doubled since the end of June. "The concentrated short in the VIX futures is like a red point if you look at a map of the market, signaling potential risk,” says strategist Ramon Verastegui. A short squeeze in the VIX could spill over, he says, accelerating any downward action in equities.
    • The last time investors were close to being this short VIX futures was in February, just ahead of a 34% spike late in the month amid the sequester debate and Italian politics.
    • VIX ETFs: CVOL, VXX, VIIX, VXZ, VIIZ, TVIX, TVIZ, XXV, XIV, ZIV, XVIX, VQT, VIXY, VIXM, XVZ, IVOP, UVXY, SVXY.
    | 4 Comments
  • Aug. 22, 2013, 10:12 AM
    • Oft-burned, investors are quickly jumping right back into volatility futures and ETPs amid the slightest of market wobbles this month. There's been a big jump in open interest in volatility futures at the CBOE, and  the "financial wood-chipper" (Brendan Conway's words) known as iPath S&P VIX Short-Term Futures ETN VXX has seen $1.1B of inflows this month. VXX is off 52% this year, better than average for this ETN which has averaged a 65% loss for the last 3 years.
    • The ProShares Ultra VIX Short-Term Futures ETF (UVXY) has received $497M after falling 80% YTD.
    • VIX ETFs: CVOL, VXX, VIIX, VXZ, VIIZ, TVIX, TVIZ, XXV, XIV, ZIV, XVIX, VQT, VIXY, VIXM, XVZ, IVOP, UVXY, SVXY.
    | Comment!
  • Jul. 11, 2013, 1:38 PM
    Volatility investors may have interest in the little-followed CVOL which actually does a pretty good job of tracking the VIX. Unlike VXX - which tracks front-month futures on the VIX, and is destined to head to zero due to contango - CVOL tracks 3rd and 4th month futures and takes a model-dictated short position in the S&P. It's a nice product, but - for now - high expenses, low AUM, wide spreads and minimal volume likely make it "unownable," writes Oliver Ludwig.
    | Comment!
  • Jul. 10, 2013, 9:34 AM
    The "fear gauge" is flawed, says Citi's Mike Pringle, and investors risk harm by using the VIX (VXX) as an indicator of market risk. "It's an asset class and it's more traded for yield than protection," he says, noting the growth of structured products based on the VIX as dampening reported volatility. "It's still relevant in extremes, but not in a normal functioning market."
    | 15 Comments
  • Jun. 22, 2013, 8:25 AM
    The VIX started showing signs of life this week, a development that historically doesn’t bode well for stocks. The so-called fear index closed above 20 Thursday for the first time this year before pulling back a bit yesterday. The odds of a market rally over a three-, six- and 12-month time horizon are at their lowest when the VIX is 20-25, according to Citigroup data that goes back to 1990.
    | 11 Comments
  • Jun. 20, 2013, 4:02 PM
    Bets against higher volatility (and there are a ton of them) get fried, with the VIX up 23% and hitting a new YTD high. The level of shorts in some VIX ETPs is eye-popping, with 273% of the share count of the Ultra VIX Short-Term Futures ETF (UVXY +20.9%) out on loan, reports Ned Davis. Of the unleveraged products, 75% of the Short-Term Futures ETN (VXX +10.4%) is on borrow, and 110% of the S&P Dynamic VIX ETN (VXZ +4.3%). "This is one of those trades that works remarkably well until it doesn't," writes Brendan Conway. Indeed.
    | 9 Comments
Visit Seeking Alpha's
VQT vs. ETF Alternatives
VQT Description
The Barclays ETN+ S&P VEQTORTM ETNs (the “ETNs”) are senior, unsecured debt securities issued by Barclays Bank PLC that are linked to the performance of the S&P 500® Dynamic VEQTORTM Total Return Index (the “Index”). Investors can trade the ETNs on the NYSE Arca exchange at a market price or receive a cash payment (less an investor fee) at the scheduled maturity upon early redemption.
See more details on sponsor's website
Country: United States
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub