Listed Index Fund S&P500 Futures Inverse ETF Units (2240.T) Price
Listed Index Fund S&P500 Futures Inverse ETF Units Price
Underlying
Listed Index Fund S&P500 Futures Inverse ETF Units provides 1X inversedaily exposure to SPY.
Listed Index Fund S&P500 Futures Inverse ETF Units List of Holdings
Frequently asked questions about Listed Index Fund S&P500 Futures Inverse ETF Units
Listed Index Fund S&P500 Futures Inverse ETF Units is offered by Amova, a leading player in the field of passive investments.
The ISIN of Listed Index Fund S&P500 Futures Inverse ETF Units is JP3049830007.
Listed Index Fund S&P500 Futures Inverse ETF Units aims to deliver 1 times the daily return of SPY (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Listed Index Fund S&P500 Futures Inverse ETF Units 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.
Leveraged ETFs like Listed Index Fund S&P500 Futures Inverse ETF Units are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
Listed Index Fund S&P500 Futures Inverse ETF Units provides 1X daily short/inverse exposure to SPY. When SPY moves +1% in a day, Listed Index Fund S&P500 Futures Inverse ETF Units targets approximately 1% (before fees).
The total expense ratio of Listed Index Fund S&P500 Futures Inverse ETF Units is 0.36%, which means that investors pay 36.00 JPY per 10,000 JPY in investment capital annually.
The ETF is listed in JPY.
European investors may incur additional costs for currency exchange and transaction fees.
No, Listed Index Fund S&P500 Futures Inverse ETF Units does not comply with the EU UCITS investor protection directives.
Listed Index Fund S&P500 Futures Inverse ETF Units tracks the performance of the S&P 500 Futures Excess Return Index - KRW - Benchmark TR Gross.
Listed Index Fund S&P500 Futures Inverse ETF Units is domiciled in JP.
The fund was launched on 3/14/2023.
The Listed Index Fund S&P500 Futures Inverse ETF Units mainly invests in Large Cap companies.
The NAV of Listed Index Fund S&P500 Futures Inverse ETF Units amounts to 6.15 B JPY.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.