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MODR

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About

The ETF with the symbol MODR.MU corresponds to the Xtrackers MSCI Russia Capped Swap UCITS ETF 1C. This ETF aims to replicate the performance of the MSCI Russia Capped Index, which represents the Russian equity market. It utilizes a swap-based replication method, meaning it doesn't directly hold the underlying Russian securities but rather enters into a swap agreement with a counterparty who provides the index's return. This ETF provides investors with exposure to a broad range of Russian companies, subject to certain capping rules to ensure diversification. It is listed on the Munich Stock Exchange (MU) and is denominated in EUR. Investors should be aware of the specific risks associated with investing in Russia, including political and economic instability, currency fluctuations, and potential regulatory changes.

Factors

The answer should be clear and precise. MODR.MU ETF Price Factors: Underlying Holdings: The price of MODR.MU is primarily affected by the performance of the underlying securities it holds, specifically, stocks of companies engaged in modern retail.

Supply and Demand: Increased demand for MODR.MU shares will generally drive the price up, while increased selling pressure will push it down. Market sentiment plays a crucial role.

Expense Ratio: While not a direct driver of daily price fluctuations, MODR.MU's expense ratio impacts its long-term performance. Higher expenses can reduce returns relative to its benchmark.

Index Tracking: MODR.MU aims to track a specific modern retail index. How closely it mirrors the index's performance influences its price relative to that index. Tracking errors can create discrepancies.

Market Conditions: Broad market trends and economic conditions influence investor sentiment towards the retail sector and, therefore, affect MODR.MU's price.

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