The Bear is designed to be straightforward, tracking the leveraged inverse return of the indexed return linearly. It is highly accurate, but passive. What if users want something more exciting, like actively making money in bear markets, and fine with taking on more risks? Meet the Bear’s smart relative, the Giant Panda. Mr. Panda is a smart fellow, he has his own view on where the market goes and will decide whether to leverage-on or to hold cash based on market conditions. He loves to continue taking profits and adding-on wins when there’s a trend, and simply hold cash when the trend is against it. Mr. Panda will not panic rebalance and lose to volatility drift in zigzag market consolidations but will hold its positions until market direction clears. The Giant Panda is currently en-route to the IndexZoo.