Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc

Latest NAV
1.0561 EUR
Performance YTD


Assets Under Management
84m EUR
Dividend Policy
Investment Objective

The Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc is a UCITS compliant exchange traded fund that aims to track the benchmark index FTSE MIB Super Short Strategy RT Gross TR Index. The FTSE MIB Super Short Strategy RT Gross TR Index 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. Lyxor ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.


Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc


Performance history

The fund’s performance track record is that of Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc until 06/09/2018. This fund was absorbed by Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc on 06/09/2018.


The figures relating to [past performances / simulated past performances / past performances and simulated past performances] refer or relate to past periods and are not a reliable indicator of future results. This also applies to historical market data.

Product 1Y 3Y 5Y 10Y
Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc -21.86% -33.41% -25.67% -31.73%
Benchmark Index -21.41% -32.9% -25.06% -31.16%
Data as of 26/05/2022, Source: Lyxor International Asset Management
Product YTD 1M 3M 1Y 3Y 5Y 10Y ALL
Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc 5.38% -10.93% -5.13% -21.86% -70.47% -77.33% -97.8% -96.89%
Benchmark Index 5.62% -10.88% -4.98% -21.41% -69.79% -76.39% -97.61% -96.47%
Data as of 26/05/2022, Source: Lyxor International Asset Management
Product 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc -44.1% -27.7% -48.95% 17.32% -33.31% -17.47% -38.16% -19.88% -40.4% -38.29%
Benchmark Index -43.74% -27.07% -48.47% 18.32% -32.71% -16.3% -38% -19.26% -39.89% -37.34%
Data as of 26/05/2022, Source: Lyxor International Asset Management

At 04/09/2012, the index reference changed from FTSE MIB Super Short Strategy Index TR EUR to FTSE MIB Super Short Strategy RT Gross TR Index.

NAV History

Date NAV Currency Fund AUM
26/05/2022 1.0561 EUR 84m EUR
25/05/2022 1.0826 EUR 59m EUR
24/05/2022 1.1178 EUR 65m EUR
23/05/2022 1.0942 EUR 46m EUR
20/05/2022 1.1314 EUR 59m EUR

Dividend History

This fund does not distribute any dividend.


This ETF uses synthetic replication to track the performance of the index. As such, the holdings of the ETF may vary from that of the benchmark index.
You can read more about our approach to replication in our pragmatic guide to replication.

Name Currency Weight Sector Country
ENEL SPA EUR 12.06% Utilities Italy
ENI SPA EUR 8.85% Energy Italy
Intesa Sanpaolo EUR 8.54% Financials Italy
STELLANTIS NV EUR 6.84% Consumer Discretionary United Kingdom
STMICROELECTRONICS NV EUR 5.88% Information Technology Switzerland
Unicredit SpA EUR 5.78% Financials Italy
FERRARI NV EUR 5.6% Consumer Discretionary Italy
CNH INDUSTRIAL NV EUR 3.35% Industrials United Kingdom
Snam SpA EUR 3.13% Utilities Italy
Name Listing Currency Quantity Weight Sector Country
PFIZER INC USD 118,409 9.42% Health Care United States
EXXON MOBIL CORP USD 66,689 9.38% Energy United States
MICROSOFT CORP USD 24,022 9.29% Information Technology United States
JPMORGAN CHASE & CO USD 25,345 4.77% Financials United States
ALPHABET INC-CL A USD 1,413 4.46% Communication Services United States
Tesla Inc USD 4,703 4.4% Consumer Discretionary United States
ABBVIE INC USD 19,362 4.3% Health Care United States
FACEBOOK INC-CLASS A USD 15,472 4.18% Communication Services United States
ADVANCED MICRO DEVICES USD 30,121 4.09% Information Technology United States
DANAHER CORP USD 9,349 3.51% Health Care United States
Swap Information
Basket Adjustment The basket is daily adjusted to the fund outstanding level.
Counterparty Risk Level N/A
Swap Counterparty Société Générale
Date 25/05/2022

1 week moving average of counterparty risk level

Swap Price Component

Although past performance is no indicator of future performance, you can get an estimation of the swap price component over the last 12 months by adding the TER to the realized Tracking Difference. the price of being long the index and short the basket of securities held by the ETF (ie. the spread applicable to the index performance provided by the swap counterparty) can be understood as the swap price component. The latter can be positive or negative, depending on the following factors: Read more

Lyxor FTSE MIB Daily (-2x) Inverse (Xbear) UCITS ETF - Acc

1Y Tracking Difference -0.45%
Total Expense Ratio +0.6%
Swap price component estimation =0.15%

Index Information

Full Name FTSE MIB Super Short Strategy RT Gross TR Index
Index Type Performance
Index Bloomberg Ticker FMIBI2X
Index Currency EUR
Number of Index Components 40

Index Composition Breakdown

Sector Breakdown

Financials 30.26%
Utilities 20.23%
Consumer Discretionary 15.22%
Energy 10.82%
Industrials 10.25%
Information Technology 7.6%
Health Care 2.71%
Communication Services 1.68%
Consumer Staples 1.21%

Currency Breakdown

EUR 100%

Countries Breakdown

Italy 80.34%
United Kingdom 10.2%
Switzerland 5.88%
Luxembourg 1.82%
Netherlands 1.76%
Data as of 25/05/2022, Source: Lyxor International Asset Management


Main Fund Characteristics

ISIN FR0010446666
Share Class Currency EUR
Assets Under Management 83.5m EUR
Total Expense Ratio 0.6%
Dividend Treatment Capitalisation
Original inception date 08/02/2008
EU-SD Status Out of Scope
Fund Type SICAV
Domicile France
Replication Method Indirect (Funded swap)
Umbrella AUM 23,413.3m EUR
Portfolio Managers Raphaël Dieterlen, Jean-Marc Guiot
Swap Counterparty Société Générale
Full Property of the Assets Yes
Financial Year End 31/10/2022
Inception Date 05/09/2018
Minimum Investment 1 Share
SFDR Classification 6

DISCLAIMER: This fund includes a risk of capital loss. Investors therefore may not recover all or part of their initial investment. The redemption value of this fund may be less than the amount initially invested. In a worst case scenario, investors could sustain the loss of their entire investment. Be sure to read carefully the Key Investor Information document, and the “risk factors” section of a fund’s performance to better understand the risks involved.

Trading Information

Exchange Ticker Bloomberg Listing Currency Currency Hedged Listing Date Dividend Policy ADV 3M ISIN Fund AUM in CCY
Borsa Italiana XBRMIB IM EUR - 06/09/2018 Capitalisation - FR0010446666 59m EUR
*Related Shareclasses

Market Makers

Banca Sella Holding S.P.A.
Flow Traders
IMC Trading
Société Générale
Data provided by relevant exchanges

Passporting Information

Data as of 26/05/2022, Source: Lyxor International Asset Management


Notice to Shareholders

Notice to Shareholders Multi Units France - Notice of meeting

Notice to Shareholders

Notice to Shareholders Prospectus amendment - Lyxor ETF

Notice to Shareholders

Notice to Shareholders Notice of meeting SICAV Multi Units France

Notice to Shareholders

Notice to Shareholders Notice of meeting Multi Units France

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