It just nice to know the fund is doing what it's said to do. The PDS says the fund aims to inverse the SP500 futures by a factor of 2 to 2.75. It has been pointed out the gearing is now 200% so it should be the inverse by two times. I can't see any relationship to what you were saying and from what Betashares told me to check it's not even close to two times the inverse. Again it's nice to know the fund is doing what it's said to do but it's not.
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