First ETF on F.A.Z. index..…
Two new equity index funds issued by ComStage ETF have been tradable on Xetra since Wednesday. This enables investors to participate in the performance of the F.A.Z. index for the first time.
ETF name: ComStage ETF F.A.Z. index
Asset class: equity index ETF
ISIN: LU0650624025
Total expense ratio: 0.15 percent
Distribution policy: non-distributing
Benchmark: F.A.Z. index
ETF name: ComStage ETF MSCI Emerging Markets TRN
Asset class: equity index ETF
ISIN: LU0635178014
Total expense ratio: 0.50 percent
Distribution policy: non-distributing
Benchmark: MSCI Daily Emerging Markets TRN
The F.A.Z. index contains 100 German stock corporations in 12 sectors. It currently tracks around 84 percent of the market capitalisation of listed companies in Germany. In order to be admitted to the index, the listed stock corporations must have a stock market value of at least €250 million and their shares must have a daily trading value of at least €1 million. Each share has a maximum weighting of 10% on the adjustment dates. The F.A.Z. index is a price index, i.e. distributions such as dividend payments are not included in its calculation.
The MSCI Daily Emerging Markets Index is weighted according to market capitalisation and aims to track the performance of the equity markets in all emerging market countries. It takes into account the total return with reinvested net dividends. Alongside market capitalisation, stocks are selected on the basis of further criteria such as minimum capitalisation, liquidity, trading history and accessibility for foreign investors.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 878 exchange-listed index funds, while average monthly trading volume stands at €14 billion.
Source: ETFWorld – Deutsche Boerse
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