Commerz and Deutsche list S&P 500 ETFs in Germany

Commerz and Deutsche are among several banks to have listed funds based on the benchmark since May 17, subsequent to the end of an exclusive licence agreement allowing only iShares to build ETFs on the index in Europe. The ComStage fund has an expense ratio of 0.18% and is based on the S&P 500 index, which is weighted according to free float market capitalization and reflects the performance of the 500 largest US stock companies. The index is total return, meaning all dividends and distributions are reinvested in the calculation of the index. Commerz has unveiled three ETFs trackin...