Does anyone now of an ETF that hedges the SP500, i.e. the holdings in the ETF are shorts of SP500 companies, so the price of the ETF goes up as the companies it holds goes down.
Unleveraged is preferable.
I have heard mentioned on another web site HDGE, but it was a US site, and cannot find any more info about it etc, but it sounds like that is the sort of thing I'm looking for.
Regards
mrwhits.
UPDATE -
I requested that IG Index add this to their platform, and they very quickly obliged.
It can be found if you type HDGE in the "finder" of the CFD platform(not sure about their SB platform as I dont have a SB account), or by typing advisorshares .
It's the ranger equity bear ETF.
The ISIN is US00768Y8839 if anyone is interested, and the morningstar page for it can be found here,
http://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000P3WN
I'm going to go long this ETF when I next think the US SP500 is heading downwards, using 10% of my capital as a portfolio "hedge", as I can't see a better, cheaper way of hedging in the next(very near IMHO) downturn.
Thoughts anyone?
regards
mrwhits.
