"Lyxor EURO STOXX 50 Daily (2x) Leverage (LUX) UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the EURO STOXX 50 Leverage Index. This index reflects the development of European stocks . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are distributed to the investors. The fund company Lyxor claims a total expense ratio (TER) of 0.35% per year.