ComStage MDAX ETF launched on Xetra

ETF tracks medium-sized German companies from traditional industrial sectors…

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    A new equity index fund issued by ComStage has been tradable on Xetra since Thursday.

    ETF name: ComStage MDAX® TR UCITS ETF
    Asset class: equity index ETF
    ISIN: LU1033693638
    Total expense ratio: 0.30 percent
    Distribution policy: non-distributing
    Benchmark: MDAX
    The ComStage MDAX TR UCITS ETF enables investors to participate in the performance of the MDAX benchmark index. This performance index calculated by Deutsche Börse contains 50 medium-sized German stock corporations, as well as foreign companies from traditional industrial sectors operating primarily in Germany. These companies come in behind the 30 DAX® stocks in terms of market capitalization and exchange turnover. The index tracks the performance of medium-sized industrial stocks (mid caps).

    Deutsche Börse’s XTF segment product range currently comprises a total of 1,015 exchange traded funds. This selection, together with an average monthly trading volume of around €10 billion, makes Xetra Europe’s leading trading venue for ETFs.

    Source: -Deutsche Börse