Nasdaq 100 5% Target Volatility Index
The Nasdaq-100 5% Target Volatility Index (the “Index”) is designed to deliver exposure to the NASDAQ-100 Total Return Index (XNDX) while targeting a constant five percent (5%) level of volatility. The Index uses the truVol® Risk Control Engine (RCE) to dynamically allocate between XNDX and non-remunerating cash in aiming to achieve the volatility target. Developed by Salt Financial, the RCE is designed to offer higher levels of responsiveness and accuracy in targeting volatility for risk-controlled indices. The mechanism generally allocates more to XNDX when volatility falls and more to cash when it rises. The Index is rebalanced daily and calculated in excess of a daily accrual of the Federal Funds Effective Rate (Excess Return). Although the Index is designed to target a specific risk level, there are no guarantees the Index will achieve these results.
Last | 2,171.01 |
Net Change | -1.83 |
Net Change(%) | -0.08% |
Day High | 2,172.84 |
Day Low | 2,167.93 |
Previous Close | 2,172.84 |
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