L&G DAX Daily 2x Long UCITS ETF EUR Acc
ISIN IE00B4QNHH68 Rating ★☆☆☆☆
Replication
synthetic
Earnings
accumulating
Asset class
Equity
Region
Europe
Country
DE
TER
0.40 %
TD
2.05 %
Currency
EUR
Fund size
24 Mio EUR
Perf. 2023
35.00 %
"L&G DAX Daily 2x Long UCITS ETF EUR Acc" is an exchange-traded investment fund (ETF). It refers to the LevDAX Index. This index reflects the development of German stocks . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company L&G ETF claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2012 was 2.05% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.