Commerzbank Launches ETF On German MDAX Index

March 26, 2014

Commerzbank’s exchange traded fund arm, ComStage has launched a new ETF that will track the MDAX total return index.

The MDAX TR UCITS ETF is listed on Deutsche Borse’s ETF platform, Xetra, and will start trading tomorrow (Thursday 26th March).

The MDAX total return index is an index belonging to the Deutsche Borse group. It is made up of 50 medium-sized German public limited companies from traditional. Stocks are selected according to market capitalization and stock exchange turnover. The index is considered to contain strong, solid brand names and highly specialised companies that are leaders in their field with constant earnings development.

Both the ETF’s fund currency and trading currency are in euros. It uses the ticker C007 and has a management fee of 0.30 percent.

Last October ComStage launched two new ETFs on China’s A50 index. The two swap-backed ETFs were listed on the Xetra, Frankfurt and Stuttgart exchanges.

 

 

 

 

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