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Stocks and Shares ISAObjective
The aim is for your investment to reflect the performance of the ShortDAX{{®}} Index (Index) which provides the opposite performance of the DAX{{®}} Index (Underlying Index) plus a rate of interest/ This means the level of the Index should rise when the Underlying Index falls and fall when the Underlying Index rises on a daily basis/ The interest rate added to the Index level is based on double the rate at which banks in the Eurozone lend to each other on an overnight basis (as calculated by the European Central Bank) earned on the short position/ ||The Underlying Index reflects the performance of the shares of 30 of the largest and most actively traded German companies (from any business sector) on the Frankfurt Stock Exchange/ To be included on the Underlying Index, a company’s readily available shares must be continuously traded and represent at least 10% of all readily available shares on the Stock Exchange/ ||The Underlying Index is weighted in favour of larger companies and is reviewed and rebalanced at least quarterly/ At each review, the combined value of a company’s readily available shares cannot exceed 10% of the combined value of the shares comprising the Underlying Index/ The Index is calculated on a gross total return basis which means that all dividends and distributions are reinvested in the shares on a gross basis/ ||To achieve the aim, the Fund will enter into financial contracts (derivatives) with one or more swap counterparties to swap most subscription proceeds for the return on the Index/ ||No dividends will be paid on your shares/ ||You may redeem your investment on demand on a daily basis/
- Leverage100
- Currency hedgingNo