LYXOR BUND DAILY (-2X) INVERSE UCITS ETF - ACC ETF

Lyxor Daily Double Short BUND UCITS ETF is an exchange traded fund launched and managed by Lyxor International Asset Management S.A. It invests in the fixed income markets of Germany. The fund takes short positions and uses derivatives such as swap agreements and futures contracts to invest in Euro denominated, fixed-rate German sovereign bonds with a maturity of 10 years. It seeks to replicate the performance of the SGI Daily Double Short Bund Index, by employing synthetic replication methodology. The index seeks to track twice the inverse of the daily performance of the German long term bond market. The fund was formerly known as Lyxor UCITS ETF Daily Double Short BUND. Lyxor Daily Double Short BUND UCITS ETF was formed on March 29, 2010 and is domiciled in France.