Source ETF is first in Europe to track Vix volatility

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Source ETF accesses highs and lows of volatility

Exchange-traded fund (ETF) provider Source has created the first European ETF on the S&P 500 Vix Futures Index, providing investors with access to volatility at a time when fiscal problems in Greece and other European countries have pushed volatility into the headlines.

In the US, the iPath exchange-traded note from Barclays, which tracks the same index, has raised roughly $1.5 billion. The market for volatility in Europe is expected to grow rapidly with the introduction of exposure to the asset

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