The VIX index, a key measure of global volatility levels, has recorded its largest ever weekly percentage increase, jumping 118.5% last week.
After bottoming near multi-year lows earlier in the month, the CBOE Volatility Index (VIX) - which measures implied volatility on S&P 500 stock options - has soared as the global equity rout continues. The index rose 46.5% on Friday to 28.03, more than double its closing level of 13.02 on Monday, 17 August, pushing it to the highest level since the European sovereign credit crisis in 2011. It has also soared above its long-term average of 20. This weekly rise of 118.5% beats the 91% jump seen in one week in September 2008, at the height of the financial crisis. Panic-selling has en...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes