L&G DAX Daily 2x Short UCITS ETF (DS2P)

Profile

https://oci-global.com

L&G DAX Daily 2x Short UCITS ETF is a leveraged exchange-traded fund that provides two times the inverse daily performance of the DAX index, which tracks the 40 largest and most traded German stocks on the Prime Standard segment of the Frankfurt Stock Exchange. This ETF employs a synthetic replication strategy using unfunded swaps with counterparties like Merrill Lynch International, rather than holding the underlying equities directly. It accumulates dividends, reinvesting them into the fund to support its share price growth. Designed primarily for short-term trading and tactical strategies, the ETF enables investors to benefit from declines in German large-cap equities across key sectors including industrials, financials, technology, and consumer goods. As a UCITS-compliant product domiciled in Ireland and managed by Legal & General Investment Management, it offers unhedged currency exposure in euros and serves as a tool for hedging or speculation in the European equity derivatives market, emphasizing daily reset mechanics suitable for professional use.