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VVO

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Analysis and statistics

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About

VVO.TO represents the Vanguard FTSE Developed All Cap ex North America Index ETF. It's a Canadian-listed exchange-traded fund that aims to track the performance of a broad market-capitalization weighted index representing publicly traded companies in developed countries outside of North America (i.e., excluding Canada and the US).
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Factors

Underlying Index Performance: VVO.TO tracks the S&P 500 VIX Short-Term Futures Index. Price fluctuations in that index directly affect VVO.TO's price.

VIX Futures Prices: The prices of VIX futures contracts, especially the front-month contracts, have a significant influence on VVO.TO. Higher VIX futures prices typically lead to higher VVO.TO prices.

Market Volatility Expectations: Anticipations of future volatility, as reflected in the VIX futures term structure, drive VVO.TO's price. Higher expected volatility leads to higher prices.

Contango and Backwardation: The shape of the VIX futures curve (contango or backwardation) impacts VVO.TO. Contango (futures prices higher than spot) typically leads to negative roll yield and price erosion. Backwardation (futures prices lower than spot) often leads to positive roll yield and price appreciation.

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