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For example, if the DAX® Index rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However if the DAX® Index falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
This is a fully collateralised, UCITS eligible Exchange-Traded Product (ETP) designed to provide investors with a leveraged exposure to the DAX. The ETP tracks the LevDAX x3 TR Index (LEVDAX3), providing a total return comprised of 3 times the daily performance of the DAX® Index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.