S*s
2 楼
UVXY is ETF. -- it is like a fund, the issuer is just portfolio manager,
when you buy it, you buy the portfolio. so there could be tracking error,
and no credit risk.
TVIX is ETN -- the issuer guarantee the value of the notes, until they file
bankrupt. there is no tracking error, but with credit risk.
both can be traded at price different than its underlying value. for now,
the TVIX has limit supply. thus it is traded at premium.
when you buy it, you buy the portfolio. so there could be tracking error,
and no credit risk.
TVIX is ETN -- the issuer guarantee the value of the notes, until they file
bankrupt. there is no tracking error, but with credit risk.
both can be traded at price different than its underlying value. for now,
the TVIX has limit supply. thus it is traded at premium.
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