Commerz unveils four equity and bond ETFs

CommerzBank has unveiled four ComStage ETFs providing exposure to equities and bonds, on the Deutsche Boerse’s XTF segment.

Three of the funds track equity indices, including the Dax, Eurostoxx 50 and FTSE 100.

The ComStage ETF Dax fund has a total expense ratio (TER) of 0.15%, tracking the price index and distributing dividends. The Dax price index comprises the 30 largest, best-performing companies in Germany.

The ComStage ETF Eurostoxx 50 also has a 0.15% TER and is based on the price index with a dividend distributing policy.

The fund based on the FTSE 100 has a 0.25% TER and tracks the total return index, meaning dividends are reinvested.

Commerz's latest bond fund replicates the iBoxx € Germany Covered Capped Overall Total Return index. The ETF has a 0.17% TER and has a non-distributing policy where dividends are reinvested.

The iBoxx index includes euro-denominated covered bonds issued in Germany. These bonds must have an outstanding volume of at least €1bn and a residual maturity of at least one year, at the time of rebalancing.

Deutsche Boerse's XTF segment has 678 listed ETFs and an average monthly trading volume of around €14bn.