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For example, if the FTSE 250 Net Dividend Total Return Index rises by 1% over a day, then the ETP will rise by 2%, excluding fees. However if the FTSE 250 Net Dividend Total Return Index falls by 1% over a day, then the ETP will fall by 2%, excluding fees.
This UCITS eligible Exchange-Traded Product (ETP) is fully collateralised and designed to provide investors with a leveraged exposure to the FTSE 250. It tracks the FTSE 250 Daily Leveraged RT TR Index (MCXL2X), providing a total return comprised of 2 times the daily performance of the FTSE 250 Net Dividend Total Return Index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.