The Funds objective is to be inversely exposed, with daily rebalancing, to European equity markets, by replicating, both upwards and downwards, the EURO STOXX 50 Daily Short (gross dividends reinvested) (the Benchmark Index), denominated in euros (EUR), which represents a short selling strategy (with daily leverage of -1x), with daily rebalancing, against the EURO STOXX 50 Total Return (gross dividends reinvested) (the Parent Index), which includes the 50 leading companies of the eurozone.