As of November 10, 2016, db x-trackers - MSCI EM Short Daily Index UCITS ETF has gone out of business. db x-trackers - MSCI EM Short Daily Index UCITS ETF is an exchange traded fund launched by Deutsche Asset & Wealth Management Investment S.A. It is managed by State Street Global Advisors Limited. The fund invests in the public equity markets of emerging countries across the globe. It takes short positions and uses derivatives such as swap agreements to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies. It seeks to replicate the performance of the MSCI Emerging Market Short Daily Index, by employing synthetic replication methodology. The index seeks to track the inverse of the daily performance of the MSCI Emerging Market Index. The fund was formerly known as db x-trackers - MSCI Emerging Market Short Daily Index ETF. db x-trackers - MSCI EM Short Daily Index UCITS ETF was formed on October 4, 2010 and is domiciled in Luxembourg.