Twelve new exchange-traded commodities (ETCs) issued by Commerzbank AG have been tradable on Xetra since Tuesday.
The new exchange-traded commodities enable investors to participate in the performance of platinum, palladium and gas oil. The underlying indices track the positive and inverse performance of each individual commodity, with a leverage factor of either one or two.
These strategy indices are calculated by Commerzbank and 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 276 instruments. The monthly trading volume of ETCs on Xetra averages around EUR900 million.