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The fund is a passively managed ETF. The investment objective of the fund is to achieve the net total return performance of the EURO STOXX Optimised Banks Index (the Index), less fees, expenses and transaction costs. To achieve the objective the fund will use unfunded swaps (Swaps). The Index gives a representation of financial services companies which are selected from the STOXX Europe 600 index by applying certain filters. The Index is a free float market cap weighted index. It is a subset of the EURO STOXX Banks index which comprises the Eurozone subset of the STOXX Europe 600 Banks index. Income is reinvested into the fund.
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