Question 1

Who is the provider of TSE REIT Inverse ETF Units?

Accepted Answer

TSE REIT Inverse ETF Units is offered by Simplex, a leading player in the field of passive investments.

Question 2

What is the ISIN of TSE REIT Inverse ETF Units?

Accepted Answer

The ISIN of TSE REIT Inverse ETF Units is JP3050120009.

Question 3

What does leveraged daily exposure mean for TSE REIT Inverse ETF Units?

Accepted Answer

TSE REIT Inverse ETF Units aims to deliver 1 times the daily return of TSE (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

Question 4

What is volatility decay and how does it affect TSE REIT Inverse ETF Units?

Accepted Answer

Volatility decay (also called compounding drag) occurs because TSE REIT 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.

Question 5

Is TSE REIT Inverse ETF Units suitable for long-term buy-and-hold investing?

Accepted Answer

Leveraged ETFs like TSE REIT 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.

Question 6

What is the underlying asset of TSE REIT Inverse ETF Units?

Accepted Answer

TSE REIT Inverse ETF Units provides 1X daily short/inverse exposure to TSE. When TSE moves +1% in a day, TSE REIT Inverse ETF Units targets approximately 1% (before fees).

Question 7

What is the Total Expense Ratio (TER) of TSE REIT Inverse ETF Units?

Accepted Answer

The total expense ratio of TSE REIT Inverse ETF Units is 0.12%, which means that investors pay 12 JPY per 10,000 JPY in investment capital annually.

Question 8

What currency is TSE REIT Inverse ETF Units listed in?

Accepted Answer

The ETF is listed in JPY.

Question 9

What additional costs can European investors incur?

Accepted Answer

European investors may incur additional costs for currency exchange and transaction fees.

Question 10

Is TSE REIT Inverse ETF Units UCITS-compliant?

Accepted Answer

No, TSE REIT Inverse ETF Units does not comply with the EU UCITS investor protection directives.

Question 11

What index is replicated by TSE REIT Inverse ETF Units?

Accepted Answer

TSE REIT Inverse ETF Units tracks the performance of the Tokyo Stock Exchange REIT Inverse (-1x) Index - JPY - Benchmark TR Gross.

Question 12

Where is TSE REIT Inverse ETF Units domiciled?

Accepted Answer

TSE REIT Inverse ETF Units is domiciled in JP.

Question 13

When was TSE REIT Inverse ETF Units launched?

Accepted Answer

The fund was launched on 10/6/2023.

Question 14

In which segment does TSE REIT Inverse ETF Units primarily invest?

Accepted Answer

The TSE REIT Inverse ETF Units mainly invests in Real estate companies.

Question 15

What is the Net Asset Value (NAV) of TSE REIT Inverse ETF Units?

Accepted Answer

The NAV of TSE REIT Inverse ETF Units amounts to 759.28 M JPY.

Question 16

How can I invest in this ETF?

Accepted Answer

Investments can be made through brokers or financial institutions that provide access to trading ETFs.

Question 17

How is the ETF traded?

Accepted Answer

The ETF is traded on the stock exchange, similar to stocks.

Question 18

Can I hold the ETF in my portfolio?

Accepted Answer

Yes, the ETF can be held in a regular securities account.

Question 19

Is the ETF suitable for short-term or long-term investments?

Accepted Answer

The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.

Question 20

How often is the ETF valued?

Accepted Answer

The ETF is valued on a daily stock exchange basis.

Question 21

Are there dividends for this ETF?

Accepted Answer

Information on dividends should be requested from the provider's website or your broker.

Question 22

What are the risks associated with this ETF?

Accepted Answer

The risks include market fluctuations, currency risks, and the risk associated with smaller companies.

Question 23

How transparent is the ETF regarding its investments?

Accepted Answer

The ETF is obligated to report regularly and transparently on its investments.

Question 24

How can I track the current performance of the ETF?

Accepted Answer

The performance can be viewed on Eulerpool or directly on the provider's website.

Question 25

Where can I find more information about the ETF?

Accepted Answer

Further information can be found on the official website of the provider.

TSE REIT Inverse ETF Units