Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D

Xtrackers II GBP Overnight Rate Swap ETF is a passively managed fund that aims to replicate the performance of the SONIA Total Return Index. To do this, it invests in short-term sterling transferable securities and enters into swap agreements with financial institutions based on the Sterling Overnight Index Average (SONIA). By combining these deposits and derivative contracts, the fund seeks to mirror the daily reinvested interest returns of the SONIA rate, providing investors with exposure to the overnight lending rates between banks in Great Britain.