The effects of daily rebalancing on the funds long term performance
The daily rebalancing of the funds will affect their long term performance, ie the funds return over a period longer than one day.
The returns over a period longer than one day will deviate from the funds leverage (1.5) multiplied by the index return for the period.
Daily rebalancing will have a positive effect on the returns for a period longer than one day in some market conditions and negative in other conditions.
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If the OMXS30 index increased by 5% from the 1 February to the 31 march would XACT Bull have increased in value by 7.5% over the same period?
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You can find more information under Can both Bull and Bear show negative returns during the same period?