Volatility Funds as a Business—How’s it Going?
Nearly four years ago Barclays introduced VXX, the first volatility Exchange Traded Product (ETP). Since that time 5 other companies in addition to Barclays have entered the volatility business. All together they have introduced 35 volatility funds. It hasn’t been pretty. Of those 35 funds, 15 have been discontinued/terminated and almost half of the remaining 19 are either below critical mass with less than $10 million in …