6.93300 EUR
0.022
0.32%
Last update Dec 15, 5:22 PM CET
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Day range
6.85800
6.93700
Previous close
6.95500
Open
6.87800
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WT Gold 1x Daily Short Mutual Fund
6.93
0.02
0.32%

Overview

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Description

WT Gold 1x Daily Short Mutual Fund offers investors exposure to the inverse performance of gold bullion markets. This mutual fund specifically targets a daily return that inversely reflects the performance movements of gold, making it a noteworthy tool for those looking to hedge against potential declines in gold prices. Such a strategic rebalancing component means it is particularly suited for short-term market movements rather than long-term holding strategies. Predominantly appealing to traders and investors seeking to protect portfolios or gain from downturns in the precious metals sector, the fund interacts significantly with commodity markets and economic conditions influencing gold prices, such as inflation rates and currency fluctuations. By providing inverse exposure, it plays a critical role in portfolio diversification, allowing investors to benefit from financial trends where gold might underperform. It stands crucial in offering tactical opportunities within the market structure by addressing the complexities and volatilities associated with gold investments.

About

Address
Phone
+44 20 7355 9810
Website
Instrument type
ETF
Country
Italy
MIC code
XMIL
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