PT - JOURNAL ARTICLE AU - Matthew T. Moran TI - The VIX Index as a Market Signal and Hedging and Asset Allocation Tool DP - 2004 Sep 21 TA - ETFs and Indexing PG - 40--49 VI - 2004 IP - 1 4099 - http://guides.pm-research.com/content/2004/1/40.short 4100 - http://guides.pm-research.com/content/2004/1/40.full AB - 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.