Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C (XSD2)

Profile

https://oci-global.com

Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C is an exchange-traded fund designed to provide short exposure to the German equity market. Launched on March 18, 2010, and domiciled in Luxembourg, it seeks to replicate the performance of the ShortDAX x2 Index through synthetic replication using derivatives like swap agreements. This index tracks twice the inverse of the daily performance of the DAX Index, which comprises 40 major German blue-chip companies listed in euros, spanning sectors such as automotive, chemicals, finance, and technology. Managed by State Street Global Advisors Limited under Deutsche Asset & Wealth Management, the ETF takes short positions in large-cap German stocks without direct ownership, employing leverage to amplify inverse daily returns. With approximately 71 million euros in assets under management and a total expense ratio of 0.60% per annum, it operates as an accumulating fund, reinvesting dividends to potentially enhance share price growth. Currency unhedged and focused on high strategy risk due to its short and leveraged nature, Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C serves as a tactical tool for investors seeking to hedge or profit from declines in German market performance on a daily basis.