VXEEM Futures –
The CBOE Emerging Markets ETF Volatility Index (VXEEM) reflects the implied volatility of the iShares MSCI Emerging Markets (EEM) Exchange Traded Fund. The VXEEM was the strongest equity related volatility index rising 1.11 points last week to 26.90. The VXEEM typically trades at a strong premium to the VIX so this 26.90 level should not be of too much concern. The futures contacts were flat or lost value in VXEEM trading.