The Fund is a passively managed index-tracking UCITS with the objective of obtaining an inverse exposure to the French equities market by replicating the change in the EUR-denominated CAC 40® Short strategy index with a daily rebalancing.
Fund Exposure
The Fund achieves its objective through indirect replication using over-the-counter total return swaps, investing in a diversified portfolio of international equities. It aims to track the inverse performance of the CAC40® Index with a daily leverage effect, while minimising tracking error.
Risks
The Fund is exposed to counterparty risk, particularly in the case of financial derivative instruments, which may result in a significant decline in the net asset value. Additionally, the use of derivative instruments introduces risks such as leverage, high volatility, valuation, and liquidity risks, which may decrease the value of the portfolio.