TVIZ (VelocityShares Daily 2x VIX Medium-Term ETN)
TVIZ Exposure and Basic Characteristics
TVIZ is a double long leveraged ETN on the VIX by VelocityShares. It is similar to the better known TVIX, from which it differs in targeted maturity of the VIX futures. While TVIX targets near term futures (constant maturity of 1 month), TVIZ targets medium term futures (constant maturity 5 months).
Direction + leverage: 2x long
Underlying index: S&P500 VIX Mid-Term Futures Index ER
Exposure: Middle of the VIX futures curve (long positions in the fourth, fifth, sixth, and seventh VIX futures contract months, rolling from the fourth to the seventh with passing time to maintain constant 5-month maturity)
TVIZ options: Not available
Product type: ETN (exchange traded note)
Issuer: Credit Suisse AG
Inception date: 29 November 2010
Official Information and Links
The VelocityShares Daily 2x VIX Medium-Term ETNs (the “ETNs”) are senior, unsecured obligations of Credit Suisse AG (“Credit Suisse”) acting through its Nassau branch. The return on the ETNs is linked to twice (2x) the daily performance of the S&P 500 VIX Mid-Term Futures Index ER less the investor fee. Source: Factsheet (see links below).
TVIZ Quotes, Assets, and Trading Volume