%0 Journal Article %A Matthew T. Moran %T The VIX Index as a Market Signal and Hedging and Asset Allocation Tool %D 2004 %J ETFs and Indexing %P 40-49 %V 2004 %N 1 %X Is volatility the “perfect asset” to add to an equity portfolio? Has the CBOE Volatility Index (VIX) been a useful market signal and guide to future market direction? Does the VIX Index have the potential to be a powerful tool in investors' asset allocation and hedging decisions? Some recent literature has explored these issues, and this article will provide some evidence to help readers answer these questions. %U https://guides.pm-research.com/content/iijetfind/2004/1/40.full.pdf