The ComStage Bund-Future Short UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index Solactive Bund Daily (-1x) Inverse Index.
The Solactive Bund Daily (-1x) Inverse Index is a strategy linked to the performance of the Euro-Bund future. The strategy reflects the performance of an daily investment with a short position in the Euro-Bund future plus interest, based on the EONIA rate, on any capital that is not tied up. It works as follows: the strategy will fall if interest rates for 10-year bonds fall, and the strategy will rise if interest rates for 10-year bonds rise. The strategy replicates the inverse performance of the Bund future approximately one to one on a daily basis. Please note that for holding periods of more than one day, the performance of the short index does not match the inverse performance of the base index due to the daily calculation basis. The starting level of the index was set at 100 index points on 4 January 2010.