BNP Finds Takers For EM Long Vol
BNP Paribas is seeing flows for a long emerging market volatility trade it started pitching in September. The trade is to buy a Jan 14 variance swap at 32.75 (capped) on iShares MSCI Emerging Markets Index Fund and sell a Jan 14 variance swap at 25.05 (capped) on the S&P 500.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
