Sixteen new exchange-traded commodities (ETCs) issued by Commerzbank AG have been tradable on Xetra since Monday providing investors with the opportunity to invest in the performance of oil and cocoa.
The underlying indices for West Texas Intermediate (WTI) oil and cocoa track both positive and inverse performance, with a leverage factor of one, two, three or four.
These strategy indices calculated by Commerzbank participate in the movements of the underlying commodity futures contracts. They comprise a leverage component and an interest rate component. The leverage component is based on the daily percentage movements of the futures contract contained in the index. The interest rate component represents an investment in a risk-free money market instrument minus index fees and costs of collateralisation.
Deutsche Börse’s ETC segment product range currently comprises 251 instruments. The monthly trading volume of ETCs on Xetra averages around EUR900 million.