Wilson makes ‘modest profit’ betting against Australian sharemarket

Shadow treasurer Tim Wilson says he has sold an investment that makes money when the Australian sharemarket falls, netting a modest profit, after Treasurer Jim Chalmers attacked him in parliament for talking down the economy.

The Australian Financial Review last week reported on Wilson’s holdings in Betashares’ Australian Equities Strong Bear Complex (BBOZ), an ETF that profits when the nation’s benchmark index falls. He first disclosed the holding on his register of interests in February 2020.

Source: https://www.afr.com/politics/federal/wilson-makes-modest-profit-betting-against-australian-sharemarket-20260304-p5o7ke