Commerzbank's ETF arm ComStage has launched four ETFs on the Deutsche Boerse, including the first to invest in the German small cap index SDAX.
The ComStage ETF SDAX TR will track the 50 stocks ranked directly below those of the MDAX index in terms of market capitalization.
All constituents must trade on Deutsche Boerse's Xetra platform and be listed on the Frankfurt Stock Exchange.
The listing also includes what ComStage says is another industry first, an ETF tracking the SPI total return index, which aims to replicate the performance of the entire Swiss equity market.
The remaining two ETFs round out ComStage's offering on the German stock market as represented by the Dax family of indices.
The issuer's DivDAX ETF invests in 15 companies within the Dax with the highest dividend yield, while the ShortDAX ETF seeks to generate the inverse return of the Dax.
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