First Trust CBOE S&P 500 VIX Tail Hedge Fund (VIXH) began trading yesterday (8/30/12). The underlying CBOE VIX Tail Hedge Index is based on the S&P 500 and an amount of one-month call options on the VIX Index, ranging from 0% to 1% of the portfolio. The exact amount is determined by the level of forward volatility.
Black swan events are defined to be those that are both a surprise and have a major … [visit site to read more]
