The fund aims to passively track the performance of the Italian equities market by replicating the daily movements of the FTSE MIB Daily Leveraged RT Net-of-Tax strategy index with a 2x leverage effect, while minimizing tracking error.
Fund Exposure
The fund is exposed to Italian equities through total return swaps, aiming to replicate the performance of the FTSE MIB Daily Leveraged RT Net-of-Tax strategy index. It focuses on the 40 leading securities listed on the Borsa Italiana.
Risks
Investors should be aware of counterparty risk, as the fund is exposed to potential insolvency or default of counterparties in derivative transactions. Additionally, the use of derivative instruments may introduce risks such as leverage, volatility, valuation, and liquidity risks, impacting the fund's net asset value.