ETFS Ultra Short Nasdaq 100 Hedge Fund


ETFS Ultra Short Nasdaq 100 Hedge Fund (ASX Code: SNAS) is a trading product offering negatively geared exposure to the Nasdaq-100 Index.


About SNAS

SNAS is an exchange traded managed fund that aims to provide investors with geared returns that are negatively related to the returns of the Nasdaq-100 Index. SNAS provides exposure to the Nasdaq-100 Index within a target range of -200% and -275% of the SNAS net asset value. Over a short interval of time, this means that for every 1% movement in the Nasdaq 100 Index, an investment in SNAS is anticipated to return between 2.00% and 2.75% in the opposite direction, depending on the degree of leverage deployed by the fund manager over that time interval (subject to fees and costs).

Furthermore, SNAS is currency hedged, meaning that the fund manager will aim to reduce, but may not eliminate, exposure to movements in the Australian dollar/U.S. dollar exchange rate.

SNAS is not recommended for investors as a long-term portfolio position.


Why consider SNAS


Can be used to achieve outright short exposure or to hedge a pre-existing long exposure.


Potential to magnify returns (losses could be magnified, though not beyond the amount invested).


Simple to use, avoiding the complexities associated with direct derivative investments, such as CFDs.



What is the Nasdaq-100?

The Nasdaq-100 Index i