Lyxor FTSE MIB Daily(-2x)Inv.(Xb.)UE A./  FR0010446666  /

The LYXOR UCITS ETF FTSE MIB DAILY DOUBLE SHORT (Xbear) is a UCITS compliant exchange traded fund that aims to track the benchmark index FTSE MIB Daily Super Short Strategy RT Gross TR. The FTSE Short Strategy Indices attempt to replicate the inverse returns experienced by an investor attaining the negative daily performance of the underlying headline index i.e. by short selling the index with a daily rebalance. The cost of dividends and benefit of earning interest for the short position are taken into account in the index calculation of the short indices, as is the cost of borrowing stock. The short indices are derived from the existing underlying headline Total Return Indices.