Xtrackers - ShortDAX Daily Swap UCITS ETF is an exchange traded fund launched by Deutsche Asset Management S.A. The fund is managed by Deutsche Asset Management (UK) Limited. It invests in the public equity markets of Germany. The fund takes short positions and uses derivatives such as swap agreements to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. The fund seeks to replicate the performance of the ShortDAX Index, by employing synthetic replication methodology. The index seeks to track inverse of the daily performance of the DAX Index. It was formerly known as db x-trackers - ShortDAX Daily UCITS ETF. Xtrackers - ShortDAX Daily Swap UCITS ETF was formed on March 19, 2007 and is domiciled in Luxembourg.
U.K. Market Performance
7D7 Days: 1.1%
3M3 Months: 7.3%
1Y1 Year: 7.4%
YTDYear to Date: 7.7%
Over the last 7 days, the market has risen 1.1%, driven by gains of 5.3% in the Materials sector. As for the past 12 months, the market is up 7.4%. Earnings are forecast to grow by 15% annually. Market details ›
The tide is turning for UK & European markets. Index ETFs won’t cut it since sector spreads are massive. Picking the right companies matters now more than ever.