This fund aims to achieve daily investment returns that are 1.35 times the daily performance of the FTSE Developed All Cap ex US Index, before any charges or operational costs are deducted. Under normal circumstances, it commits a minimum of 80% of its total assets (which may include borrowed funds for investment) to either direct holdings of securities from the index, exchange-traded funds (ETFs) that track the index, or various financial instruments designed to provide amplified daily exposure to that index. The underlying FTSE Developed All Cap ex US Index is a benchmark weighted by the market value of its constituents, representing the performance of large, medium, and small companies found in developed economies worldwide, with the sole exclusion of the United States.
