BBUS is advertising something and delivering something...

BBUS is advertising something and delivering something else

Yesterday we closed at 11.49

The market dropped 0.40%.

Meaning..today we should go 0.40 x 2 (or 0.40 x 2.75)

In reality share opened 1.13% negative, traded most morning at 1.65% to 1.90% negative.

Completly the opposite.

This is in my view a perfect case of misleading clients./


(copy of part of their advertisement)
Put simply, if the:

• S&P 500 moves up 1% in USD terms on a day
  the Fund is expected to move down between -2.0% and -2.75% in AUD terms

• S&P 500 moves down -1% in USD terms on a day
  the Fund is expected to go up between 2.0% to 2.75% in AUD terms

Another way to think about it is one USD burger is equivalent to at least two inverted AUD meat pies.


CATO