This pretty much sums up what I stated earlier about XIV:
Credit Suisse Plunges in After-Hours Due to
Black Swan Event Unfolding in Volatility ETNs
Shares of CS are down nearly 7% in after-hours thanks to the
rickety bs unfolding in XIV, the inverse volatility ETN — which has
been the single best performing ETN over the past 5 years. In what
is truly hard to believe, there is a ‘termination’ trigger in this
product that permits the underwriter, in this case Credit Suisse,
to liquidate the fund in order to prevent a negative equity
situation.
This pretty much sums up
Stay far away from crap like XIV etc unless you ...
Posted by steve on 5th of Feb 2018 at 09:08 pm
This pretty much sums up what I stated earlier about XIV:
Credit Suisse Plunges in After-Hours Due to Black Swan Event Unfolding in Volatility ETNs
Shares of CS are down nearly 7% in after-hours thanks to the rickety bs unfolding in XIV, the inverse volatility ETN — which has been the single best performing ETN over the past 5 years. In what is truly hard to believe, there is a ‘termination’ trigger in this product that permits the underwriter, in this case Credit Suisse, to liquidate the fund in order to prevent a negative equity situation.
Article on the Credit Suisse ,discussed the
Posted by matt on 5th of Feb 2018 at 09:33 pm
Article on the Credit Suisse ,discussed the XIV etc