Commerzbank cross-lists multi-asset ETF to SIX Exchange

Aug 30th, 2017 | By | Category: Alternatives / Multi-Asset

Commerzbank has cross-listed the ComStage Vermögensstrategie (asset strategy) UCITS ETF onto Switzerland’s SIX Exchange. The passively-managed multi-asset ETF offers investors a one-ticket portfolio solution by investing in a broadly diversified mix of asset classes.

Commerzbank cross-lists multi-asset ETF to SIX Exchange

The ComStage Vermögensstrategie (asset strategy) UCITS ETF provides exposure to a diversified portfolio of equities (60%), fixed income (30%) and raw materials (10%).

The ETF’s original allocation is made up of 60% equity ETFs, 30% fixed income ETFs, and 10% raw materials, which are rebalanced once per year to their target weights. According to Commerzbank, the objective is to achieve a value increase through a broad diversification across different asset classes, geographic regions, sectors and currencies.

The initial asset allocation is made up of the following ComStage ETFs:

Equity ETFs (60%):
Comstage MSCI North America ETF (15%)
Comstage STOXX Europe 600 ETF (15%)
Comstage MSCI Pacific ETF (10%)
Comstage MSCI Emerging Markets ETF (10%)
Comstage DAX ETF (5%)
Comstage MDAX ETF (5%)

Bonds ETFs (30%):
Comstage 10Y US Treasury Future ETF (10%)
Comstage IBOXX EUR Liquid Sovereigns Diversified Overall TR ETF (10%)
Comstage IBOXX EUR Germany Covered Capped Overall TR ETF (5%)
Comstage IBOXX EUR Germany Covered Capped 5-7 TR ETF (5%)

Raw materials (10%):
Comstage Commerzbank Commodity ex-Agriculture EW Index TR ETF (10%)

The ETF has been listed on SIX in euro-denominated and Swiss franc-denominated share classes. Each costs 0.25% per annum in management exclusive of the fees incurred for purchasing the underlying ETFs, which collectively costs 0.24%. The ETF’s total expense ratio is therefore 0.49%.

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