The 12 new ComStage ETFs have prices ranging from 0.08 percent to 0.48 percent and add to the two existing ETFs in Lisbon that track the PS120 leverage indexes. They are expected to reduce transaction costs ETF investors and increase the visibility of ETFs in the region.
The Portuguese market has seen increasing interest from investors in recent months. In July this year flows continued to pour in, despite the country’s banking woes following the regulator suspending trading of Banco Espirito Santo after its share price crashed 17 percent.
Hélio da Silva Cláudio, head of public distribution International at Commerzbank, said: “Commerzbank has been present in the ETP segment in Portugal since 2002. From that time on, Commerzbank has stood out due to its financial innovations for the Portuguese investor, such as warrants, turbo warrants, tracker certificates, mini futures, inline warrants, factor certificates or OT certificates. Within the scope of this action, Commerzbank has always been committed to providing the most competitive products to the Portuguese financial market, hence the creation of the ETF segment in Portugal was a natural step of that policy.
“We are convinced that this new segment will reduce transaction costs for the investor, and we believe that expanding the offering may increase the visibility of this type of product in our market.”
Benjamin Fussien, head of ETFs and funds of Euronext Group, said: “With these new products we’re enlarging Euronext’s wide offering of ETFs, providing investors with new investment opportunities.”
Euronext has 602 ETFs on its four markets across Europe. In the first half of this year, the average ETF assets under management (AUM) at Euronext totalled €187.2 billion, an increase of 19.8 percent versus the same period in 2013.
The new ETFs comply with the OICVM/UCITS IV directives and include:
ComStage ESTOXX50 TER: 0.08 percent
ComStage DJIA TER: 0.45 percent
ComStage Nasdaq TER: 0.25 percent
ComStage S&P 500 TER: 0.30 percent
ComStage Nikkei TER: 0.25 percent
ComStage MSCI W TER: 0.20 percent
ComStage MSCI EM TER: 0.25 percent
ComStage DAX TER: 0.08 percent
ComStage ShortDAX TER: 0.30 percent
ComStage CAC40 TER: 0.20 percent
ComStage CAC40 SH TER: 0.35 percent
ComStage CAC40 LEV TER: 0.30 percent