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Short Volatility Long Tech

The Short Volatility Long Tech Investment Strategy seeks to profit from the volatility curve (as measured by the VIX short-term futures) being usually in “contango”. To do so, it will aim to assume (A) a long position in the Invesco QQQ Trust, Series 1 (“QQQ”) and (B) a short position on the iPath® Series B S&P 500® VIX Short-Term Futures™ ETNs (“VXX”) of at least 15%. “Contango” refers to a situation in which futures contracts with further expiries are more expensive than futures contracts with shorter expiries.

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NAV as of

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52 WK:

1 Day NAV Change

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as of

NAV Total Return

YTD:

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as of

AUM

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as of

Why Short Volatility Long Tech?

Profit from “contango”

During “normal” market conditions, the short-term VIX futures are usually in “contango” and will lose value with each passing day if the VIX index does not increase. In this state, shorting ETPs that continuously roll VIX futures contract at expiration futures (such as VXX) is expected to generate profits.

Convenience

In a single trade, get exposure to a strategy that aims to profit from both (i) the appreciation of the QQQ and (ii) the decay of VIX futures, without the hassle of rolling and maintaining volatility futures or options.

Trustworthy

1. Trusted and experienced management team.
2. Offered in USD, EUR and GBP.
3. The cash proceeds from shorting volatility yield a return.

Performance

Data as of

Summary

1D

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1M

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3M

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YTD Return

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1Y

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ALL (Annualized)

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ALL (Cumulative)

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Volatility

Annualized Vol

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52 Week

52 Week High

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52 Week Low

-

Average Turnover

3M

-

Structure

Structure
ETP

Domicile
Ireland

Replication Method
Physical

Dividents
Reinvested

Underlying Asset
QQQ, Short VXX and Cash

Target Weights
Short Volatility: Higher of (i) 15% or (ii) exposure to VXX on the last valuation Date of the immediately preceding calendar quarter QQQ: 100%

Rebalance Frequency
Quarterly. The Portfolio Administrator has discretion to rebalance at any time if the short exposure to volatility exceeds 35%.

Tax & Legal

Today's Borrow Rate
0.00

SIPP / ISA eligible
Eligible

UK Fund Reporting Status

US IRS Sec 871(m)
Not applicable

ETP Documents

Notices

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