.
For example, if the FTSE 250 TR Index rises by 1% over a day, then the ETP will fall by 1%, excluding fees. However if the FTSE 250 TR Index falls by 1% over a day, then the ETP will rise by 1%, excluding fees.
This UCITS eligible Exchange-Traded Product (ETP) is fully collateralised and designed to provide investors with a short exposure to the FTSE 250. It tracks the FTSE 250 Daily Short Strategy RT Gross TR Index (MCXI1X), providing a total return comprised of -1 times the daily performance of the FTSE 250 TR Index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.