Twelve new exchange-traded notes (ETNs) issued by Commerzbank AG have been tradable on Xetra since Monday.
The new exchange-traded notes track both the positive and the inverse performance of the benchmarks SGX Nikkei 225 Index Future, Hang Seng Index Future and HSCEI Future (H-shares) with a respective leverage factor of three or four. The underlying indices are strategy indices which are oriented to the price movement of the reference entity and consist of a leverage component and an interest rate component. ETNs are tradable notes that track the performance of underlying reference indices outside of the commodities sector and provide investors with access to additional asset classes.
Deutsche Börse’s ETN segment product range currently comprises 135 instruments. The monthly trading volume of ETNs on Xetra averages around EUR100 million.