BetaShares Australian Equities BEAR Complex ETF

The BetaShares Australian Equities BEAR Complex ETF, with the ticker BEAR, is designed to help investors profit from or protect against declines in the Australian share market. Instead of investing in shares to gain when prices rise, this ETF aims to increase in value when the market falls. It achieves this by using financial instruments that move inversely to the market. This means if the market goes down, the value of the ETF is likely to go up, making it a useful tool for those looking to hedge against market downturns or speculate on falling prices. The management fee for this ETF is 1.48%.

BEAR primarily invests in equity derivatives rather than holding physical shares. Specifically, it uses swap contracts to gain exposure to the inverse performance of the S&P/ASX 200 Index. This means that when the index declines, the value of BEAR is designed to increase, providing investors with a means to profit during bearish market conditions. As a geared/inverse ETF, it does not hold traditional stock or bond securities but instead relies on derivatives to achieve its objectives.