Mis on Tachlit SAL (60) Short Leveraged 2 TA 35 Monthly ISIN?

Tachlit SAL (60) Short Leveraged 2 TA 35 Monthly ISIN on IL0011447161.

What does leveraged daily exposure mean for Tachlit SAL (60) Short Leveraged 2 TA 35 Monthly?

Tachlit SAL (60) Short Leveraged 2 TA 35 Monthly 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 Leveraged 2 TA 35 Monthly?

Volatility decay (also called compounding drag) occurs because Tachlit SAL (60) Short Leveraged 2 TA 35 Monthly 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.