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ETFX DAX® 2x Short Fund
Investment objective
The ETFX DAX® 2x Short Fund is designed track the performance of the ShortDAX® x2 Index. The ETFX DAX® 2x Short Fund seeks to deliver the inverse of twice the daily percentage change in the level of the DAX® Index.
About the Index
The ShortDAX® x2 Index is a leveraged index with a short exposure which aims to provide the inverse of 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 |
0.60% |
| Currency |
EUR |
| Minimum investment |
One security |
| Legal Form |
Exchange traded fund, UCITS III Fund |
| Taxes |
No stamp duty or SDRT |
| Index |
ShortDAX® x2 Index |
Trading information
| Exchange |
London Stock Exchange |
| Exchange code |
DES2 |
| Bloomberg code |
DES2 LN |
| Reuters code |
DES2.L |
| SEDOL |
B4QNHZ4 |
| ISIN |
IE00B4QNHZ41 |
Index Disclaimers: Index Disclaimer: The ETFX DAX® 2x Short 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 ShortDAX® x2 Index and/or the DAX® Index or the terms ShortDAX® and DAX® (together, the "Index Trademarks") nor regarding the index value of ShortDAX® x2 Index and/or the DAX® Index at a certain point in time or on a certain date nor in any other respect. The ShortDAX® 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 ShortDAX® 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 ShortDAX® x2 Index and/or the DAX® Index.
Neither the publication of the ShortDAX® x2 Index and the DAX® Index by the Licensor nor the granting of a license to the Company's Promoter regarding the ShortDAX® x2 Index as well as the Index Trademarks for utilisation in connection with the ETFX DAX® 2x Short Fund, which is derived from the ShortDAX® 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 Short Fund.
In its capacity as sole owner of all rights to the ShortDAX® x2 Index, the DAX® Index and the Index Trademarks, the Licensor has solely licensed to the Promoter of the ETFX DAX® 2x Short Fund the utilisation of the ShortDAX® x2 Index and the Index Trademarks as well as any reference to the ShortDAX® x2 Index, the DAX® Index and the Index Trademarks in connection with the ETFX DAX® 2x Short 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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