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Volatility ETFs “flying off the shelves” at private banks

Volatility ETFs and ETNs tracking the Chicago-based volatility index –VIX – are “selling like hot cakes”, in the words of one regional head of cross-asset sales group at a large bank. These products allow investors to build exposure to the volatility index or VIX which trades on the CBOE Chicago. When this index, popularly referred to as the “fear gauge”…

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