Societe Generale is planning to roll out the S&P 500 VIX Futures Enhanced Roll Index on April 26, 2011, IFR reports. The fund provides a balance between cost of carry and sensitivity to volatility by dynamically re-allocating between short- and medium-dated VIX futures.
The ETF will provide investors with exposure to equity volatility in a UCITS-compliant format. The index, which will list on the NYSE Euronext, has secured regulatory approval from France’s Autorite des Marches Financiers.
Click here for the story from IFR.