The Direxion S&P 500 RC Volatility Response Shares (the "Fund") seeks investment results, before fees and expenses, that track the S&P 500 Dynamic Rebalancing Risk Control Index (the "Index").
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Thursday, February 28, 6:46 PM
ALPS debuts an options-focused High Volatility Put Write ETF HVPW today. As low-volatility ETFs gains focus in the ETF space with recent fund launches, HVPW gives investors an opportunity for exposure to puts on high-volatility stocks (whose options, naturally, command a risk premium in prices). HVPW charges 0.95%, higher in contrast to other option funds BWV and PBP, charging 0.75%.
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Thursday, February 21, 4:26 PM
State Street rolls out 2 low-volatility ETFs: SPDR Russell 1000 Low Volatility (LGLV) and SPDR Russell 2000 Low Volatility (SMLV). SMLV has an expense ratio of 0.25% while LGLV is the cheapest among peers at 0.20%. Competitors SPLV, IDLV, XMLV and XSLV charge 0.25% while EELV charges 0.29%. Demand for low volatility ETFs has picked up due to recent risk-adjusted outperformance vs. standard market cap weighted funds.
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Tuesday, January 29, 7:50 PM
Direxion strategy ETFs VLAT and VSPR, which track the S&P volatility index, marked the first ETF closures of 2013, as they failed to generate investment interest. With more uncertainty on the global economy, volatility ETFs have remained under pressure, making this investment proposition unattractive. The closure comes within one year of their launch.
Comment![U.S. Economy]
Monday, March 19, 2012, 5:05 PM
The big move in equities (+27.7% from the October low) doesn't preclude further gains as a check of similar rallies shows they continue more often than not for the next year. Toss in earnings multiples below their historic average and maybe just an exogenous shock could knock the market down. Still concerned? The collapse in volatility makes out-of-the-money puts very cheap protection.
Comment![Quick Ideas]