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Tuesday 18th December - What rally ?, page-34

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rhinosaur_1

106 Posts.

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20/12/18

17:40

Post #: 36924063
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Originally posted by West Coast: ↑

Just want to warn you guys do not go near Betashares products particularly BBUS. It is a total scam does not in any way follow the S&P 500.
eg. last two trading days S&P 500 down 4% BBUS up 5%. It should be up very close to 10%. This has been an ongoing pattern of this EFT which in the small print claims to follow the futures, by this they mean following the futures as it suit their profits as the futures need to be balanced out as our market is not 24 hours open while the USA futures are open when we are closed.

Total unbalanced scam in my opinion, the charts will prove my point as it is not even close to being fair.

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Please see link below - this may explain why holding these short ETFs over longer periods may not generate the expected returns.

https://www.etf.com/sections/features-and-news/etf-education-problem-inverseleveraged-etfs

XJO Value at posting: 5,505.8
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