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U.S. Volatility Fund Sponsor Tweaks Strategy After Market Plunge

FYI: (This is a follow-up article.)
company behind U.S.-based funds tied to Wall Street’s “fear gauge” is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument.

Investors’ once-profitable wagers on low or stable market volatility met a catastrophic end on Feb. 5 as products indirectly linked to that fear gauge, the CBOE Volatility Index, caved after the U.S. stock market closed in an incident now being probed by securities regulators.
Regards,
Ted
https://www.reuters.com/article/us-usa-fund-volatility/u-s-volatility-fund-sponsor-tweaks-strategy-after-market-plunge-idUSKCN1G804L
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