BEAR.AX

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Fund Information

Issuer

BetaShares

Category

Cash & Others

Inception Date

Jul 6, 2012

Description

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 on a given day (and a negative return when the index rises on a given day).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 a corresponding decrease in the value of the Fund if the Australian sharemarket rises).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 to maintain the Fund's daily target short exposure range and compounding of investment returns over time. The Fund's returns over periods longer than one day may differ in amount and possibly direction from the daily target return range. This effect on returns over time can be expected to be more pronounced the more volatile the Australian sharemarket and the longer an investor's holding period. Investors should actively monitor their investment as frequently as daily 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 is very high risk in nature. 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.

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