There was absolutely huge news announced in the world of volatility ETPs this week as UBS released the European counterparts for VXX and XIV.
The funds track daily performance of VSTOXX futures, where VSTOXX is the index to measure volatility of the Euro STOXX-50 Index (Europe's blue chip stock index). EVIX is essentially the long VSTOXX play (similar to VXX,) while EXIV is the inverse VSTOXX play (similar to XIV). The UBS prospectus for the funds can be found here.
While there is some correlation between VIX and VSTOXX, I believe there is enough difference between the two that there will be a large demand for these new products. We will be looking into rebooting our VSTOXX Futures data page in the near future so stay tuned.
