Mis on Tachlit SAL (60) Short TA 35 (3472.88) IL ISIN?

Tachlit SAL (60) Short TA 35 (3472.88) IL ISIN on IL0011441875.

What does leveraged daily exposure mean for Tachlit SAL (60) Short TA 35 (3472.88) IL?

Tachlit SAL (60) Short TA 35 (3472.88) IL aims to deliver 1 times the daily return of SAL (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 Tachlit SAL (60) Short TA 35 (3472.88) IL?

Volatility decay (also called compounding drag) occurs because Tachlit SAL (60) Short TA 35 (3472.88) IL 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.