Commerzbank to enter UK ETF market

Commerzbank is due to launch ComStage ETFs in the UK for the first time next month.

The investment bank will first release a FTSE range on the London Stock Exchange, comprising a FTSE 100 ETF, as well as short and leveraged versions of the blue-chip index. The inaugural range will also include ETFs tracking the FTSE All-Share and FTSE 250. The funds will be synthetically replicated, using a swap with Commerzbank to return the performance of the underlying indices. Commerzbank says it also plans to bring some of its other products listed in Germany into the UK. At present, the bank has a range of over 70 ETFs in Germany, with assets between $6-7bn. Commerzbank head...