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AUMF

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1w
1m

Analysis and statistics

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About

AUMF.AU refers to the BetaShares Australian Equities Bear Fund, an exchange-traded fund (ETF) listed on the Australian Securities Exchange (ASX). This fund aims to generate returns that are negatively correlated to the Australian stock market (specifically the S&P/ASX 200 Index). In essence, AUMF.AU is designed to increase in value when the Australian stock market falls and decrease in value when the market rises, making it a tool for investors seeking to hedge against market downturns or profit from anticipated market declines.
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Factors

Underlying Assets: Price is tied to the value of physical gold bullion held, fluctuating with gold spot price.

Currency Fluctuations: AUMF.AU is AUD denominated, so AUD/USD exchange rates impact returns for international investors.

Supply and Demand: Higher demand than supply increases price; higher supply decreases it.

Management Fees: Fees charged by the fund reduce overall returns, affecting price relative to gold.

Market Sentiment: Investor attitudes toward gold as a safe haven asset drive buying/selling pressure.

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