BBOZ AU
BBOZ ETF: A Guide to Betashares Aus Equities Strong Bear Complex ETF
Price data last refreshed:
Overview
BetaShares Australian Equities Strong Bear Complex ETF (ASX: BBOZ) is a specialised fund designed to provide geared short exposure to Australian equities. Rather than tracking a conventional share portfolio, its stated strategy combines cash with selling ASX SPI 200 futures. That structure can make BBOZ behave very differently from a broad Australian shares ETF, especially when markets move sharply.
Category
BBOZ sits within the geared bear-fund category: funds designed to take short or negatively correlated exposure to a sharemarket. Its stated approach uses cash and equity index futures, rather than directly holding a basket of Australian companies.
Inverse and geared funds serve a different role from conventional share ETFs: their value can move against the market they target, and magnification can make both gains and losses more pronounced. Daily adjustments and compounding can also mean performance over longer periods differs from a straightforward inverse of the market’s return.
Top Australian Brokers
- Pepperstone - Top Australian broker - Read our review
- eToro - Invest in ASX and international shares - Read our review
Key facts
- Ticker
- BBOZ
- Exchange
- AU
- ISIN
- AU00000BBOZ2
- Provider
- BetaShares Capital Ltd
- Domicile
- Australia
- Currency
- AUD
- Inception date
- 2015-04-17
- Use of income
- Annually
- UCITS
- No
- Holdings count
- 1
Costs
- TER
- 0.01%
- Ongoing charge
- 0.00%
- Net expense ratio
- 0.01%
The supplied net expense ratio display is 0.014%. The ongoing charge display is 0%; these are separate reported cost measures and should not be treated as a complete account of every potential trading or fund-related cost.
Performance
- YTD
- 0.0%
- 3 years
- 0.0%
- 5 years
- 0.0%
- 10 years
- 0.0%
- Top 10 concentration
- 1.3%
Holdings
-
.1.30%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The supplied asset-allocation data reports cash as the fund’s allocation. The stated strategy also describes selling ASX SPI 200 futures to obtain equity exposure, so the cash allocation should not be read as meaning the fund has no market exposure.
Asset allocation
-
Cash100.0%
-
Bond0.0%
-
Other0.0%
-
Stock0.0%
-
Property0.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
BBOZ may be relevant to experienced investors researching geared short exposure to Australian equities or a potential portfolio hedge. Its amplified and inverse-style behaviour can bring substantial volatility and magnified losses, so it may not suit investors seeking broad, long-term sharemarket exposure.
Key risks
Geared short exposure can magnify losses as well as gains. Futures, market movements, changes in exposure and compounding can all affect results, particularly over longer or volatile periods. BBOZ’s strategy is materially different from owning a diversified portfolio of Australian shares.
FAQ
What does BBOZ aim to do?
BBOZ is designed to provide geared short exposure to Australian equities using cash and ASX SPI 200 futures. Its value may move in the opposite direction to the Australian sharemarket, with gains and losses magnified.
Why can BBOZ behave differently over longer holding periods?
Geared short funds adjust their exposure over time, so compounding can cause longer-term returns to differ from a simple inverse of the sharemarket’s return. This can be more pronounced when markets are volatile.
Does BBOZ hold a portfolio of Australian shares?
The supplied allocation data reports cash as the fund’s asset allocation, while the strategy description says it uses equity index futures for exposure. It is not a conventional portfolio of Australian shares.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
