4/29/2010

Jefferies Asset Management asked the U.S. Securities and Exchange Commission for authorization to market an exchange-traded fund tracking the VIX Futures Index, or the "fear index." The Jefferies S&P 500 VIX Short-Term Futures ETF would buy futures contracts that are part of the index. The management fee is planned for 0.49%, with ETF trading on the New York Stock Exchange.

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