This Week in VXEWZ

VXEWZ Futures –

The CBOE Brazil ETF Volatility Index (VXEWZ) reflects the implied volatility of the iShares MSCI Brazil Index (EWZ) Exchange Traded Fund. VXEWZ was slightly higher last week and, like the other equity market related volatility indexes, the futures lagged behind the index. As with the VXEEM – the VXEWZ is often at a much higher level than the VIX and the close just under 30.00 should not be of concern.