As ramperz said it is based on futures but also reacts to the changes during US trading. Last Thursday futures were red, so BBUS was up, but when market open came the SP500 actually shot up, so a re-balance needs to occur.
Since last Thursday (AU time) the SP500 has gone up 3%, while BBUS has fallen around 6% over the same period.
Seems to be tracking exactly on point.
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As ramperz said it is based on futures but also reacts to the...
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