The aim is for your investment to reflect the performance of the
ShortDAX®
Index (Index) which provides the opposite
performance of the DAX®
Index (Underlying Index) plus a rate of
interest. This means the level of the Index should rise when the
Underlying Index falls and fall when the Underlying Index rises on
a daily basis. The interest rate added to the Index level is based
on double the rate at which banks in the Eurozone lend to each
other on an overnight basis (as calculated by the European
Central Bank) earned on the short position.