German lender, Commerzbank, has unveiled a new exchange-traded fund (ETF), Reuters reports. The ComStage ETF SDAX TR tracks the performance of the SDAX, which includes 50 German small-cap stocks.
The new ETF will trade on Deutsche Boerse’s Xetra platform and be listed on the Frankfurt Stock Exchange, adds IFA Online. ComStage, Commerzbank’s ETF brand, has $9.2 billion assets under management.
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