How Does TVIX Work?

Update 20-Oct-2023 Credit Suisse announced yesterday that it will be closing a set of Exchange Traded Notes that include volatility ETNs TVIX, VIIX, and ZIV. These funds had been closed to share issuance since July-2020, signaling that Credit Suisse (CS) was exiting this business. However, rather than closing down the funds at that point by accelerating their maturity date (2030), Credit Suisse choose to let …

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