Description

This ETF is designed to closely mirror the composition of its underlying index. It achieves this primarily by taking positions in CDS (Credit Default Swap) indices, which are supported by cash collateral. This collateral typically comprises high-quality, short-term European sovereign bonds – specifically, those maturing in less than twelve months. A key focus is on mitigating counterparty risk; therefore, all CDS transactions are executed through regulated brokers and benefit from central clearing.