ARX Series 12 May 2020
Deep Dive into VIX and Market Volatility
Known as the market's "fear gauge", the VIX index and its related measures covering equity, currency and fixed income markets across the globe, have become go-to measures of uncertainty and turmoil in markets.
Webinar Presentation: Deep Dive into VIX and Market VolatilityDownload PDF
Managing market fluctuation has become an increasingly challenging task in today's fragile markets. How does VIX encode meaningful predictions about the future behaviour of the markets?
Tim Edwards, PhD, managing director of Index Investment Strategy at S&P Dow Jones Indices, presents a guide to reading VIX, which covers:
- The essence of VIX
- The recent spike of VIX due to Covid-19
- How financial institutions and institutional investors have reacted to changes in VIX in the past
- How and why VIX can get things wrong
- Applications of global volatility indicators
The webinar was hosted by The Hong Kong Society of Financial Analysts and CFA Institute Asia-Pacific Research Exchange.
Watch the Webinar
Tim Edwards is managing director of Index Investment Strategy for S&P Dow Jones Indices (S&P DJI). The group provides research and commentary on S&P DJI’s entire product set, including US and global equities, commodities, fixed income, and economic indices. Before joining S&P DJI in 2013, Edwards worked for Barclays Capital, initially within fund-linked derivatives and subsequently in exchange-traded products and index-linked derivatives. Previously, he worked at the Royal Institution of Great Britain. Edwards holds a doctorate in pure mathematics from University College London.
Mr. Franki Chung, CFA, is the Chief Investment Officer of an investment company and experienced professional in equity / fixed income analysis and portfolio management. Franki is the President of The Hong Kong Society of Financial Analysts. He is also the President 2018-19 of Lions Club Hong Kong IFC. He holds a Master of Business Administration degree from the University of New South Wales, a Bachelor of Science (Economics) (Hon.) degree from the University of London, a Higher Diploma in Production and Industrial Engineering from the Hong Kong Polytechnic. Franki has been a CFA charterholder and a member of the CFA Institute since 1998.