The Funds objective is to be inversely exposed, with daily rebalancing, to the German equity market by replicating, both upwards and downwards, the performance of the ShortDAX x2 strategy index (gross dividends reinvested) (the Benchmark), denominated in euros (EUR), which represents a short selling strategy (with daily leverage of -2x), with daily rebalancing, against the DAX index (gross dividends reinvested) (the Parent Index), the main German stock index, while minimising the tracking error between the Funds performance and that of the Benchmark.