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ETFX DAX® 2x Long Fund £
Investment objective
The ETFX DAX® 2x Long Fund £ is designed to track the performance of the LevDAX® x2 Index. The ETFX DAX 2x Long Fund £ seeks to deliver a leveraged return to shareholders which corresponds to twice the daily percentage change in the level of the DAX® Index.
About the Index
The ETFX DAX® 2x Long Fund £ is designed to track the performance of the LevDAX® x2 Index. The ETFX DAX 2x Long Fund £ seeks to deliver a leveraged return to shareholders which corresponds to twice the daily percentage change in the level of the DAX® Index.
The DAX® Index is a market-capitalisation weighted index, which represents the performance of the 30 largest and most actively traded companies that are listed at the FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange).
Risk warning: Due to the compounding of daily returns, returns measured over periods longer than one day may differ from twice the underlying index return over that longer period. ETFs tracking double short & leveraged equity indices are only suitable for sophisticated investors who understand leverage, compounded daily returns and are willing to magnify potential losses.
Please see the Prospectus for a more detailed explanation and a more complete list of risks.
For Frequently Asked Questions about ETFs tracking double short & leveraged equity indices click here.
About ETF Exchange (ETFX)
ETF Exchange is the world’s first 3rd Generation ETF Platform offering investor’s access to low cost swap backed ETFs with credit diversification across a number of participants rather than reliance on a single bank. As the banks, APs and market makers compete for business, true liquidity and competition is created.
ETF Securities is working with: Bank of America Merrill Lynch, Barclays Capital, Citi, and Rabobank International who are participants on the platform, acting as distribution partners, authorised participants and swap providers.
To find out more about Third Generation ETFs click here.
To find out more about ETFX Partners click here.
Daily security data
Key facts
| Inception date |
June '09 |
| Management fee |
0.40% |
| Currency |
GBP |
| Minimum investment |
One security |
| Legal Form |
Exchange traded fund, UCITS III Fund |
| Taxes |
No stamp duty or SDRT |
| Index |
LevDAX® x2 Index |
Trading information
| Exchange |
London Stock Exchange |
| Exchange code |
DL2P |
| Bloomberg code |
DL2P LN |
| Reuters code |
DL2P.L |
| SEDOL |
B54TDV9 |
| ISIN |
IE00B4QNHH68 |
Index Disclaimer:
The ETFX DAX® 2x Long Fund £ is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the “Licensor”). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the LevDAX® x2 Index and/or the DAX® Index or the terms LevDAX® and DAX® (together, the “Index Trademarks”) nor regarding the index value of LevDAX® x2 Index and/or the DAX® Index at a certain point in time or on a certain date nor in any other respect. The LevDAX® x2 Index and the DAX® Index are calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law, the Licensor will not be liable vis-à-vis third parties for potential errors in the LevDAX® x2 Index and/or the DAX® Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the LevDAX® x2 Index and/or the DAX® Index.
Neither the publication of the LevDAX® x2 Index and the DAX® Index by the Licensor nor the granting of a license to the Company’s Promoter regarding the LevDAX® x2 Index as well as the Index Trademarks for utilisation in connection with the ETFX DAX® 2x Long Fund £, which is derived from the LevDAX® x2 Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness on an investment in the ETFX DAX® 2x Long Fund £.
In its capacity as sole owner of all rights to the LevDAX® x2 Index, the DAX® Index and the Index Trademarks, the Licensor has solely licensed to the Promoter of the ETFX DAX® 2x Long Fund £ the utilisation of the LevDAX® x2 Index and the Index Trademarks as well as any reference to the LevDAX® x2 Index, the DAX® Index and the Index Trademarks in connection with the ETFX DAX® 2x Long Fund £.
Disclaimer: None of, BofA Merrill Lynch, Barclays Capital, Citi, or Rabobank International accept any responsibility or liability for the content of this communication.
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