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• Why UBS Decided To Deep-Six Its VIX ETNs
• UBS To Shutter All But One Of Its VIX ETNs
• BNP Paribas VIX ETF To Target Contango

• XVIX 0% Rate It

UBS jettisoned 12 hyper-specific VIX products on Monday. Why?

VIX ETFs and ETNs have roughly $3.3 billion in assets all told. So clearly there's some interest in the space.

VIX products are often used to profit from investor fear, or to hedge against equity downdrafts. Our current environment is hardly fear free, but still, these UBS ETNs gathered little interest.

True enough, the VIX index itself is quite low at present.

But in my view, these products weren't really designed as volatility plays. Instead, they existed as very sharp tools to be used in combination for making precise short-term bets on the shape of the VIX futures curve.

Here's a snapshot of that curve as of Sept. 11, and the data is courtesy of the CBOE website.

Don't forget to check IndexUniverse.com's ETF Data section.

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