Amundi ShortDAX Daily -1x Inverse UCITS ETF

Amundi ShortDAX Daily -1x Inverse UCITS ETF is an exchange-traded fund designed to provide investors with daily inverse exposure to the ShortDAX Index, which reflects the opposite performance of the DAX, Germany's benchmark blue-chip stock index. Structured as a Luxembourg SICAV and managed passively, this fund uses synthetic replication to precisely mirror the daily returns of the underlying index, aiming to minimize tracking error between the fund's net asset value and the index's performance. Primarily, the fund serves as a tool for institutional and retail investors seeking to hedge or benefit from declines in the German large-cap equity market over short timeframes. The ETF distributes dividends and has a low expense ratio of 0.30%, with assets under management totaling approximately 24.74 million EUR as of July 2025. Its holdings and strategy cater to those requiring tactical positioning, risk management, or portfolio diversification in response to downward movements in German equities. As a market cap-weighted, broad-based equity ETF, it facilitates efficient and transparent access to inverse German market exposure within a liquid and regulated structure.