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.

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