BarCap ETN offers access to volatility

Barclays Capital is offering a capital-at-risk exchange-traded note based on volatility, combining long and short positions on the mid-term and long-term S&P 500 Vix Futures indexes

This is dynamic product combining long and short volatility positions and is essentially a tracker on a portfolio consisting of a long position (70%) on the S&P 500 Vix Mid-Term Futures Index and a short position (30%) on the S&P 500 Vix Short-Term Futures Index.

The S&P 500 Vix Futures Index Series is a suite of investable indexes that offer directional exposure to volatility through publicly traded futures markets. The index series models returns from a long Vix futures position that is rolled