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Investment Banking & Investment Services
Financial
ETN
iPath S&P 500 Dynamic VIX ETN is an exchange traded note launched by Barclays Bank PLC. The note seeks to track the performance of the S&P 500 Dynamic VIX Futures Total Return Index. The index represents the public equity markets of the United States. It provides exposure to forward implied volatility by reflecting the outcomes of holding long and at times long and short positions in futures contracts on the CBOE Volatility Index. The Index allocates the steepness of the implied volatility curve between the S&P 500 VIX Short-Term Futures Index Excess Return and the S&P 500 VIX Mid-Term Futures Index Excess Return. It comprises of the stocks of large-cap companies. The ETN will mature on August 18, 2021. iPath S&P 500 Dynamic VIX ETN was formed on August 17, 2011 and is domiciled in the United Kingdom.
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