Business Description
This fund aims to deliver three times the inverse daily performance of a technology-focused U.S. stock index maintained by S&P Dow Jones Indices. In practical terms, if the index falls, the fund is designed to gain, and if the index rises, the fund is designed to lose, at three times the magnitude. At least 80% of its assets are held in financial instruments that together achieve this goal. The fund is concentrated rather than broadly diversified.
