The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the MSCI Korea 25/50 Index.
The fund invests at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that provide leveraged and unleveraged exposure to the index. The index is designed to measure the performance of the large and mid cap segments of the South Korea equity market. The fund is non-diversified.
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