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Barclays iPath Series B S&P 500 VIX Short-Term Futures ETN
It’s not an inverse, or it would state so.
XXV is the inverse
Yes, thank you. That’s what I thought. I’m being told by my compliance that it is either inverse or leveraged, but I see it as a mirror of the VIX. Am I wrong?
I’m thinking that because it may increase in value when markets go down, they consider it inverse of the major markets? However, VIX is it’s own index and thus is negative correlation, isn’t it?
Many broker/dealers do not allow ETN buys.