Barclays: Another ‘first’ comes second

Barclays Capital has launched a family of investable FX volatility indices, which it claims is another first, although JPMorgan’s VXY and EM-VXY indices, launched in December 2006, are also investable.

Barclays says its three products – BetaVol, SmartBetaVol and AlphaVol – enable investors with different objectives to exploit opportunities in FX vol, which has increasingly become recognized as an asset class.

Commenting on these new indices, Philippos Kassimatis, co-head of FX structuring at Barclays, says: “We believe that the Barclays FX volatility indices are the first integrated tools that provide investors with a liquid, transparent and investable means of efficiently tapping the volatility of the world’s most liquid financial market.

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