Global X Ultra Short Nasdaq 100 Hedge Fund - AUD Stock

ETFS Ultra Short Nasdaq 100 Hedge Fund (ASX Code: SNAS) is an exchange traded managed fund that aims to provide investors with geared returns that are negatively related to the returns of the Nasdaq-100 Index. SNAS provides exposure to the Nasdaq-100 Index within a target range of -200% and -275% of the SNAS net asset value. Over a short interval of time, this means that for every 1% movement in the Nasdaq 100 Index, an investment in SNAS is anticipated to return between 2.00% and 2.75% in the opposite direction, depending on the degree of leverage deployed by the fund manager over that time interval (subject to fees and costs). Furthermore, SNAS is currency hedged, meaning that the fund manager will aim to reduce, but may not eliminate, exposure to movements in the Australian dollar/U.S. dollar exchange rate.