The two regions covered this month are Europe and Japan. The first chart shows the performance of the three FVC European indexes against the regional benchmark, the Euro Stoxx 50 index, along with its five-year implied volatility.
The Euro Stoxx 50 has fallen by more than 25% in a year. The accelerated index has fallen by 25.12% over the same period, and plunged by almost 8.5% in May alone. The income index is also correlated with the benchmark, but is less affected by falls in the market due to