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No. of Recommendations: 1
Looks like a pricey (expense ratio 0.95%), complex ETN which switches among S&P 500 total return index, S&P 500 short-term volatility futures index, and cash -- all in the hand of Barclays, well known for their excellent work on Libor. I don't understand how the mix of the three components and shifts among them are determined, nor the many subtle provisions for special cases, and I'm surely not going to trust Barclays.

While I normally enjoy reading small print and doing my own due diligence, the subtlety and complexity of this instrument appear to be well beyond the skills of this bear of little brain. I'd have to start with a deep-dive analysis by somebody I do trust -- the article at http://blogs.barrons.com/focusonfunds/2012/07/24/a-better-vo... basically just says "this ETN exists and has done well so far despite high expenses"...;-)
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