Business Description
This fund aims to deliver three times the daily inverse performance of a real estate index maintained by S&P Dow Jones Indices, meaning it is designed to gain when that index falls. The underlying index covers companies involved in real estate management, development, and real estate investment trusts, but excludes those focused on mortgages. At least 80% of the fund's net assets are held in financial instruments that together achieve this inverse exposure. The fund does not spread its holdings across a wide range of investments.
