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Commerzbank launches DAX ETFs in HK

Joining the ETF parade in Hong Kong, Commerzbank offers two passive products that track Germany's DAX indices.

The bank has launched two exchange traded funds under its Comstage brand.

The two funds, namely the DAX Index and the DivDax Index, are available to institutional and retail investors.

The DAX Index has a diversified portfolio, which tracks the German economy and has traditional German sectors, such as chemicals and industrials.

The management fee, in terms of total expense ratio, is 0.60% per annum.

The DivDAX Index tracks a seletion of 15 DAX stocks. The management fee, as represented under total expense ratio, is 0.7% per annum.

“The listings of these two Comstage ETFs confirm the commitment of Commerzbank to providing clients in Asia the opportunity to invest in a leading European market, through a listed, cost effective and regulated European UCITS product,” Thomas Meyer zu Drewer, global head of Comstage ETFs said.

Hong Kong’s ETF market has been active this year with various firms launching the passive products. Most recently, China’s CSOP Samsung Asset Management each listed their own oil ETFs.


The Deutsche Borse DAX 30’s performance over the last three years. 

 Source: FE Analytics

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