BetaShares launches Strong Bear Fund on ASX (BBOZ)
SYDNEY, 20 April 2015: BetaShares today announced the launch of the BetaShares Australian Equities Strong Bear Hedge Fund, trading under the ASX Code “BBOZ”. The Fund aims to help investors profit from, or protect against, a declining Australian share market. It seeks to generate magnified returns that are negatively correlated to the returns of the Australian share market.
The Fund will invest its assets into cash and sell equity index futures contracts (ASX SPI 200 futures), which can be expected to generate a positive return when the S&P/ASX 200 index declines and vice versa. The Fund’s short exposure to the S&P/ASX 200 index will generally vary between 200% and 275% of the Fund’s total assets, and will be actively monitored and adjusted to stay within this range.
For more information about the Fund, please click here.