The investment seeks to track the performance of the STOXX 600 Insurance Short index. The fund does not intend to make dividend payments. The index provides the daily inverse performance of the STOXX 600 Insurance index with an adjustment for the overnight interest rate (based on double the EONIA rate) earned on the short position. The Dow Jones STOXX 600 Insurance index is to provide the performance of the leading companies in the Insurance Sector in Western Europe.
The fund invests in transferable securities (the "Invested Assets") and/or use derivative techniques such as index swap agreements negotiated at arm’s length with the Swap Counterparty. It invests part or all of the net proceeds of any issue of its shares in one or more OTC Swap Transactions and exchange the invested proceeds against the performance of the Index.
State Street Bank Luxembourg S.A.
Global Branding Name
12 month yield
Manager 1 Name
Trading - Leveraged/Inverse Equity
STOXX EUROPE 600 Insurance Short NR EUR
UCITS 3 compliant
Return - 1 Month
Return - 2 Months
Return - 3 Months
Return - 6 Months
Return - 9 months
Return - 12 Months
Annualized return 24 months
Annualized return 36 months
Annualized return since Inception
Maximum Managment Charge
49, avenue J.F. Kennedy
Fund Admin Group
State Street Bank Luxembourg S.A.
Last Price Date
Price change (percentage)
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© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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