Low-Volatility ETFs Are Anything But Amid S&P 500 Tumble: Chart

(Bloomberg) -- The biggest equity decline since Britain seceded from the European Union is being most acutely felt in exchange-traded funds designed to minimize volatility. The iShares Edge MSCI Min Vol USA ETF was down 1.6 percent at 12:30 p.m. in New York and the PowerShares S&P 500 Low Volatility Portfolio slid 1.8 percent, compared with the S&P 500’s 1.4 percent retreat. Both were punished as central bank hawkish comments sent bond yields rising quickly from records reached earlier this year.

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