BEAR seeks to generate returns that are negatively correlated to the returns of the Australian sharemarket. The Fund expects to generate a positive return when the S&P/ASX Accumulation 200 Index falls (and a negative return when the index rises).
A 1% fall in the Australian sharemarket on a given day can generally be expected to deliver a 0.9% to 1.1% increase in the value of the Fund (and vice versa).
NB: The Fund’s portfolio exposure is actively monitored and adjusted to stay within a -0.9x to -1.10x range on any given day. The Fund’s returns will not necessarily be in the range -0.9x to -1.10x over periods longer than a day, due to the effects of rebalancing and compounding of investment returns over time. Investors should monitor their investment to ensure it continues to meet their investment objectives.
The Fund uses futures to obtain its exposure rather than the underlying shares. As the futures market closes at a later time to the share market, at times the Fund’s performance for a given day may differ from that indicated by the share market.
The Fund’s strategy of seeking returns that are negatively correlated to market returns is the opposite of most managed funds. The Fund is actively managed and does not track a published benchmark.
Benefits of BEAR
Hedge your portfolio
Protect your portfolio from market declines, without having to sell your shares and crystallise capital gains.
Profit from declining markets
BEAR gives you the opportunity to profit from a fall in the Australian sharemarket.
Investing in BEAR avoids the costs and complications of futures, CFDs and short selling. Investors are not exposed to margin calls.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.