DSB
•
Fixed Income
AMUNDI GERMAN BUND DAILY (-2X) INVERSE UCITS ETF ACC
TER (bps):
20
AUM (USD m):
23
ISIN:
FR0010869578
Domicile:
France
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Germany
As of:
18 Nov 2024
Climate Fund:
No
Benchmark
The Solactive Bund Daily (-2x) Inverse Index is to provide the same financial outcome as a daily short strategy with a leverage of 2, based on a portfolio of 10-Year German Government bonds while avoiding the costs linked to the use of cash instruments, namely the borrowing cost and twice the daily bid-ask spreads. The Index combines a long position in a daily overnight investment at EONIA rate along with a double short position in Bund Futures, the notionals of both investments being rebalanced on a daily basis.
PERFORMANCE
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