Name of ETN: iPath Inverse S&P 500 VIX Short-Term Futures ETN
Benchmark Index: S&P 500 VIX Short-Term Futures Index Excess Return
Ticker Symbol: XXV
Strategy: The index this ETN is based upon is comprised of short-term futures contracts on the CBOE SPX Volatility Index.
Daily Target: -1x (inverse daily performance of index).
Short ETN: This ETN attempts to produce investment results in the opposite direction of the index. If the S&P 500 VIX Short-Term Futures Index Excess Return goes up, the ETN is designed to go down. If the S&P 500 VIX Short-Term Futures Index Excess Return goes down, the ETN is designed to go up.
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