13.8% short exposure. First time short since May 2009. WMK is more long than ALF
However, if you go back to my previous post, ALF exposure since January 2006 is negatively correlated to ASX300TR moves (+1, +2 and +3 months). In other words, in the past this meant the market will go up, and their NTA will strangely probably go up. Sounds weird but the numbers are there.
All my calculations so beware.
