Tim Wilson has a long-held bet against the national sharemarket.

The Liberal MP’s register of interests, disclosed in August after his tight victory for the seat of Goldstein at the federal election, shows Wilson has a leveraged investment that profits when the benchmark ASX 200 falls.

It is unusual for a politician to bet against the sharemarket, given they would profit during a selldown, which could be seen as a vote of confidence against the economy. Australian politicians reveal their housing portfolios, with some owning as many as six homes Read more

The product, the BetaShares Australian Equities Strong Bear Complex, uses gearing to magnify gains, and losses, with a 1% fall in the ASX generating a gain of up to 2.75%.

It is known as an inverse exchange traded fund.

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