BofA, ETFS Unveil Volatility Tracking ETF

Bank of America Merrill Lynch (BofA) has partnered with ETF Securities to launch an ETF tracking European market volatility, Risk.net reports. The companies have listed the fund on the London Stock Exchange.

The fund tracks the performance of the Eurostoxx 50 Investable Volatility Index, which comprises over 100 listed options for the European benchmark index. ETF Securities will provide the platform and the marketing for the fund, while BofA is the fund’s swap counterparty and market-maker.

Click here for the story from Risk.net.