Daily Objective definition
Daily Objective means the daily investment objective of an ETF which is either: (i) a multiple or inverse (opposite) multiple of the daily performance of an Underlying Index; or (ii) the single inverse (opposite) of the daily performance of an Underlying Index;
Daily Objective means the daily investment objective of an ETF which is a multiple or inverse (opposite) multiple of the daily performance of a Referenced Futures Contract;
Daily Objective means the daily investment objective of a Geared ETF, before fees and expenses, which is a multiple or inverse (opposite) multiple of the daily performance of a Daily Target;