http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=BEA DYOR Offer as a part of an investment strategy if it so fits in your personal strategy.
Read the PDS and basically it says: Give us your money and: - if the overall market goes up, we will definitely lose you money - if the overall market goes down, we might make you money, but we don't know how much, if any. - we will charge you annual fees whatever happens The strategy makes me laugh: they will keep 90% of your money in cash and sell index futures using the other 10% If you are bearish, why not just keep 90% of your money in the bank yourself and buy some index put options or warrants during the year instead ?
Of course - in a down market people pull their money out, so if everyone exits the etf as its going up, or there are no buyers to sell to... What in the market is a sure thing?