SNAS PDS
The Product Disclosure Statement (PDS) explains the fees, tax status and some of the risks.
Global X Ultra Short Nasdaq 100 Hedge Fund (ASX:SNAS)
The Global X Ultra Short Nasdaq 100 Hedge Fund (ASX: SNAS) is an ETF designed for trading, since it provides a negative (or ‘inverse’ or ‘opposite’) exposure to the popular Nasdaq-100 index.
SNAS ETF review
SNAS share price and fees
SNAS fees
ASX ticker code: SNAS
Yearly fee (MER): 1.00%
FUM: $34.24 million
Monthly spread: 0.27%
Data Last Updated: July 2022
Analyst report
This ETF does not (yet) have an analyst report or rating available. If you would like to request our analyst team cover this ETF, please get in contact with us.
Fee comparison
SNAS yearly fee (MER)
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Sector average fee (MER)
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What does the SNAS ASX ETF invest in?
SNAS is an hedge fund ETF designed for making short-term trades on the direction of the NASDAQ 100 index. It’s effectively an index fund that adds leverage or ‘gearing’ and short selling so that a 1% fall in the NASDAQ 100 index causes a 2% to 2.75% rise in the LNAS ETF (less fees and costs). The opposite is also true. For example, the SNAS ETF can (and will) move in the opposite directions and result in larger losses for investors if the NASDAQ 100 index rises.
What do investors use the SNAS ETF for?
The SNAS ETF could be used by investors who are seeking to add short exposure to their portfolio and are willing to accept the higher risks associated with that. There are particular risks associated with geared ETFs that your financial adviser can (and should) explain to you before investing.
How to buy the SNAS ETF
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SNAS investor starter pack
SNAS literature
We’ve asked the ETF provider to share their best whitepapers & research with you.
SNAS holdings
The Best ETFs team occasionally upload the ETF’s latest investments, so you see what’s inside the ETF.
ASX: SNAS’s dividend 2021
When does SNAS pay a dividend?
SNAS dividend reinvestment plan (DRP)
Warnings we apply to the SNAS ETF
SNAS tax domicile
SNAS ETF registry
Fund issuer
International shares sector data
Sector average return (1Y)
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Average FUM ($m)
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Average fee (MER)
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How SNAS compares:
1Y return
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FUM ($m)
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Fee (MER)
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Sector information is recorded based on the last 12-month returns to July 2022. Refer to the Issuer’s website, speak to your financial adviser and always the fund’s Product Disclosure Statement (PDS) before choosing an ETF for its dividend yield, past returns or fees. Past performance can be a poor indicator of future performance.
Latest ETF News
Latest ETF news:
*The warnings on this page are applied by our ETF research team. Please know that these warnings are based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.
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