Prices delayed by at least 15 minutes | Print
Legal & General Ucits Etf Public Limited Company L&G DAX DAILY 2X SHORT GO UCITS ETF (DES2)
Open
€0.71
Previous close
€0.71935
Trade high
€0.71
Income frequency
-
Year low
€0.6698
Year high
€1.2306
Replication method
Synthetic Replication
Volume
9,000
Type
ETF
UCITS
Yes
Dividend yield
–
Ongoing charge
0.6
ISIN
IE00B4QNHZ41
This share can be held in a Dealing accountStocks and shares ISALifetime ISASIPP
Before investing please read:
Share price
Asset allocation
Top 10 holdings
| Holdings 31/03/2025 | % of assets |
|---|---|
| TRS FSE Short DAX X2 TR EUR | 100.00 |
Investment objective
The Fund is designed to track the performance of the ShortDAX® x2 Index (the "Tracked Index"). The Tracked Index is a strategic index that is designed to provide twice the inverse of the daily percentage change in the level of the DAX® Index (the "Underlying Index") plus an implied amount reflecting the interest accruing on the cash proceeds earned from the sale of the index portfolio (the "Interest Rate") less the cost of borrowing the index portfolio for the leveraged short exposure (the "Borrowing Cost"). This magnified inverse exposure is known as a 'short and leveraged' exposure. For example, if the Underlying Index was to decrease in value by 5% on a particular day, the Tracked Index is designed to increase in value by 10% on that day, subject to the adjustments for the Interest Rate and Borrowing Cost. DES2 is designed to reflect the performance of the Tracked Index, minus fees and expenses. DES2 is an exchange traded fund ("ETF").
This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Learn more about SDR.
Asset class
ETFMorningstar ratingTM
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
© Copyright 2025 AJ Bell. All rights reserved.