BetaShares launches BEAR Fund on ASX
First Australian fund designed to go up when the market goes down.
BetaShares has broadened the scope of exposures available to Australian investors today by launching the first managed fund which allows investors to profit from, or hedge against, a decline in the value of the Australian equities market.
BetaShares Australian Equities Bear Hedge Fund will trade under the ASX Code “BEAR” and is designed to generate returns that are negatively correlated to the S&P/ASX 200, the main benchmark for Australian equities.
For more information see BetaShares Press Release