Description

This Exchange Traded Product (ETP) is UCITS-compliant and fully collateralized, designed to offer investors magnified exposure to S&P 500 VIX futures contracts. It aims to deliver a total return equivalent to 2.25 times the daily performance of the S&P 500 VIX Short-Term Futures (0930-1600 ET) (USD) ER Index (VXXIDSPE), plus any net interest income after accounting for product-related fees and costs. To illustrate, if the aforementioned index rises by 1% over a single day, the ETP is expected to increase in value by 2.25% (before factoring in fees). Conversely, a 1% daily decline in the index would typically result in a 2.25% decrease in the ETP's value, prior to any charges.