Description

This Amundi UCITS ETF is designed to mirror the performance of the SHORTDAX X2 INDEX. This specific index tracks the DAX Index inversely, aiming for a double-leveraged negative return when the DAX rises, and a double-leveraged positive return when the DAX falls. Beyond its amplified inverse exposure to the DAX, the index also generates interest payments. These payments are set at three times the overnight rate and are applied to both the invested capital and the proceeds from any short sales. As a result, the SHORTDAX X2 INDEX offers an appealing investment option not only during market declines but also in periods of stability or uncertainty. Like all Amundi ETFs, it provides an efficient, transparent, and cost-effective way to gain exposure to its underlying benchmark, with easy trading on exchanges.