Introducing Twelve Converter! Real-time currency rates at your fingertips. Available on Android, iOS soon!

DES2

0.63249999 EUR
0.0099
1.59%
Last update Jul 2, 8:22 AM CEST
Market closed
Day range
0.63249999
0.63249999
Previous close
0.62260002
Open
0.63249999
Access this ETF data via API
Subscribe
L&G DAX Daily 2x Short Fund
0.63
0.01
1.59%

Overview

Description

The L&G DAX Daily 2x Short Fund is a type of exchange-traded fund (ETF) specifically designed for investors seeking inverse exposure to the German equity market. The fund aims to deliver twice the inverse of the DAX index's daily performance. By focusing on shorting the DAX, which consists of the largest and most liquid German companies traded on the Frankfurt Stock Exchange, this ETF allows investors to benefit from declines in the value of these German blue-chip stocks. It plays a significant role for investors looking to hedge their portfolios or capitalize on bearish conditions in the German market. The fund utilizes financial derivatives to achieve its leveraged inverse exposure, making it an important tool for sophisticated investors who wish to manage market volatility or seek opportunities during downturns. Due to its leveraged nature, the fund is generally suited for short-term positioning rather than long-term investments.

About

Address
Phone
Website
Instrument type
ETF
Country
Germany
MIC code
XMUN
Market closed

Exchange is currently closed
Main market opens in 5 hours 48 minutes

02:11
00:00
08:00
20:00
23:59

Trading Hours (Monday - Friday):

Main market
08:00 - 20:00
All times are displayed in the Europe/Berlin timezone (CEST, UTC+02:00).