International Gold 3X Inverse
The International Gold 3X Inverse is an exchange-traded fund (ETF) that provides exposure to the inverse performance of the gold market. It is designed for investors who believe that the price of gold will decline in the future.
How It Works
The International Gold 3X Inverse ETF uses a swap contract to create an inverse position to the gold market. The swap contract pays the ETF a return that is equal to -3 times the return on the gold price. This means that if the gold price goes up by 1%, the ETF’s value will go down by 3%. Conversely, if the gold price goes down by 1%, the ETF’s value will go up by 3%.
Investment Objective
The investment objective of the International Gold 3X Inverse ETF is to provide -3 times the daily return of the spot price of gold. This means that if the gold price goes up by 1%, the ETF’s value will go down by 3%. Conversely, if the gold price goes down by 1%, the ETF’s value will go up by 3%.
Risks
There are a number of risks associated with investing in the International Gold 3X Inverse ETF. These risks include:
* Inverse performance risk: The ETF’s performance is inversely correlated to the gold market. This means that if the gold price goes up, the ETF’s value will go down.
* Volatility risk: The ETF’s value can fluctuate rapidly, which could result in losses.
* Counterparty risk: The ETF is exposed to the risk that its counterparty on the swap contract will default.
* Market risk: The ETF is subject to the risk that the gold market will decline in value.
Suitability
The International Gold 3X Inverse ETF is suitable for investors who have a negative view on the future of the gold market. It is not suitable for investors who are seeking long-term exposure to gold.
原创文章，作者：Kevin，如若转载，请注明出处：https://fangeou.com/3111.html
