ETCs track the positive and inverse performance of oil, gas and copper with leverage factors….…
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16 new exchange-traded commodities (ETCs) issued by Commerzbank AG have been tradable on Xetra since Monday.
The new exchange traded commodities enable investors to participate in the performance of oil, gas and copper. The underlying indices for oil and gas track both the positive and the inverse performance, with a leverage factor of either three or four. The underlying index for copper tracks both the positive and the inverse performance with a leverage factor of a maximum of four.
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 234 instruments. The monthly trading volume of ETCs on Xetra averages around €900 million.
Source: ETFWorld – Deutsche Boerse
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