VIX Creator: Volatility ETPs ‘virtually guaranteed to lose money’

Barron's
Oct 18, 2013

In a forthcoming paper for the Journal of Portfolio Management, Robert Whaley, Valere Blair Potter Professor of Finance, calls the most popular exchange-traded funds and notes tied to the CBOE Market Volatility Index  "not suitable buy-and-hold investments" and "virtually guaranteed to lose money through time."

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