iShares eb.rexx®Government Germany 0-1yr UCITS ETF (DE)
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General Objective
The iShares eb.rexx® Government Germany 0-1yr UCITS ETF (DE) MXN (Acc) aims to track the performance of the eb.rexx® Government Germany 0-1 (Total return index) as closely as possible. It is a passively managed exchange traded fund (ETF) that invests in interest-bearing securities issued by government entities in Germany.
Fund Exposure
The Fund mostly invests in German government bonds with a remaining time to maturity between one month and one year. The Index is rebalanced monthly and uses a market-value weighted methodology with the maximum weighting of any individual bond limited to 30%. The Fund may use financial derivative instruments (FDIs) for efficient portfolio management purposes.
Risks
Investors should be aware that the performance of their units may be affected by currency differences, as the units are denominated in Mexican Peso while the Fund's base currency is Euro. The Fund aims to reduce the impact of exchange rate fluctuations through hedging strategies, but this may not completely eliminate currency risk and could affect the performance of the units.