X MSCI World Swap 1D Fund

X MSCI World Swap 1D Fund is a type of exchanged-traded fund (ETF) that seeks to replicate the performance of the MSCI World Index through the use of swap agreements. Its primary function is to offer investors exposure to a diversified range of global equities across developed markets, cutting across sectors such as technology, healthcare, financials, and consumer goods. The fund employs a synthetic replication method, using swaps to achieve its investment objective which allows for more efficient tracking of the index. This asset is significant in the financial market for its ability to provide investors with global diversification in a single investment vehicle, helping to mitigate country-specific risks. The MSCI World Index, which the fund tracks, is widely recognized as a benchmark for global equity performance and includes companies from 23 developed countries around the world. This makes the X MSCI World Swap 1D Fund a crucial tool for investors seeking broad international equity exposure and risk management in their portfolios.