Barclays’ XXV —the first ETN with nowhere to go?

Update.  Barclays’  responded to the problems noted below with their IVOP ETN.  It has now has a similar situation that XXV has—near its max price and very low leverage.    See this post for more information. ************************************************************* Originally Posted December 11, 2011 Question: What would the value of Barclays’ inverse volatility XXV ETN be if Barclays’ volatility VXX ETN goes to zero? Answer $40 / share …

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XXV Prospectus

Update: Barclays terminated XXV in April 2018.  There is no replacement product. ********************************************************** XXV Prospectus:   XXV:  Barclays Inverse VolatilityETNs Usually getting the prospectus for a new ETF or ETN takes a Google search and a couple minutes of browsing.  The prospectus for Barclays’ new XXV inverse volatility ETN proved to be a much more elusive search—it didn’t show up in the top 20 hits. …

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