L&G DAX Daily 2x Long UCITS ETF

ISIN IE00B4QNHH68 Rating ★☆☆☆☆

Replication
synthetic

Earnings
accumulating

Asset class
Equity

Region
Europe

Country
DE

TER
0.40 %

TD
2.28 %

Currency
EUR

Fund size
26 Mio EUR

Perf. 2020
-5.20 %

"L&G DAX Daily 2x Long UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the LevDAX Index. This index reflects the development of German 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 automatically reinvested (accumulated). The fund company L&G ETF claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2012 was 2.28% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.

Tracking Differences

Performance

Fund size

ETFs on the LevDAX Index

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