Summary
For investors with an appetite for risk, STOXX has developed the LevDAX® Indices. With the leveraged indices, STOXX calculates indices linked proportionally to the movements of the DAX index. A positive change in the underlying index will result in the corresponding leveraged performance of leveraged indices and vice versa. For example: the LevDAX® x4 allows investors to profit from four times the daily performance of the DAX® index. A positive change in the DAX® index is reflected in a four-fold change in the performance of the LevDAX® x4 and vice versa. The leverage factor is adjusted on a daily basis to ensure that the LevDAX® x4 always achieves four times the performance of the underlying index based on the closing level of the previous day. All LevDAX® Indices have a protective mechanism to prevent a total loss. If an index loses more than 50 percent at any point during one day, the leverage effect will be adjusted ad-hoc and the calculation continued based on the DAX® level prior to that time.
Index Guides, Benchmark statement, and other reports are available under the ""Data & Methodology"" tab.