Mis on Expat Bulgaria Short SOFIX ISIN?

Expat Bulgaria Short SOFIX ISIN on BG9000002196.

What does leveraged daily exposure mean for Expat Bulgaria Short SOFIX?

Expat Bulgaria Short SOFIX aims to deliver 1 times the daily return of SOFIX (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect Expat Bulgaria Short SOFIX?

Volatility decay (also called compounding drag) occurs because Expat Bulgaria Short SOFIX rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.