iPath S&P 500 VIX Short Term Futures ETN (NYSEARCA:VXX)
During times of turmoil or uncertainty, a move towards VIX-linked products is always popular. Today was no different, as VIX-related ETFs and ETNs soared (see Why I Hate Volatility ETFs).
The most popular in this regards is VXX, an ETN from iPath that has over one billion dollars in assets under management, and that tracks short-term futures of the VIX index. The note moved higher by about 9.75% on the session, while volume hit 77 million shares for the day, well above the 25.8 million average.
SPDR Gold Shares (NYSEARCA:GLD)
Gold is often considered a traditional safe haven investment, as many investors look to it in times of turmoil. Gold has actually been having a decent year to start 2014 after a horrendous 2013, but its three month trailing performance has been flat.
However, Thursday trading was a fresh catalyst for this fund, pushing GLD higher by about 1.7% on the day. Gold miners, such as (NYSEARCA:GDX), also were big winners from the turmoil, as the gold mining fund added about 2.7% on the session.
This article is brought to you courtesy of Eric Dutram From Zacks.com