ETF provider Source has launched a new commodity ETF on Deutsche Börse’s Xetra platform.

Elston Consulting has licensed the Elston Strategic Beta Global Minimum Volatility Index to Commerzbank for the creation of an investable certificate. The index, composed exclusively with ETFs, provides a globally diversified multi-asset long-term growth strategy while minimizing portfolio volatility through Elston’s proprietary optimization approach. Ranye Lu, Quant Strategist, Elston Consulting, said: “This index has been tested through some volatile times, and we are satisfied that it has delivered in line with its design brief.”

Germany-based index provider Solactive has introduced the Solactive Global Ethical Low Volatility AR EUR Index, tracking the performance of global companies with strong environmental, social and governance (ESG) standards and low volatility characteristics. Powered by ratings from Sustainalytics, a leading global analytics firm covering the ESG sector, the index has been designed to serve as the basis for future investable products such as exchange-traded funds. Simon MacMahon, Head of Research at Sustainalytics, said: “Solactive continues to take significant strides to expand the range of ESG products available to investors. We are delighted Solactive chose our research and ratings to power this index.”

Commerz Funds Solutions, a division of Frankfurt-based Commerzbank, has launched the ComStage Alpha Dividende Plus UCITS ETF, an actively managed exchange-traded fund primarily investing in European and US equities with high dividend yields. The fund employs a quantitative model that screens stocks based on high momentum, low price-to-earnings ratios (value factor), high profit growth (quality factor), low volatility and finally high dividends. The new ETF trades in euros and has a total expense ratio (TER) of 0.68%.

The International Monetary Fund (IMF) has announced that reserve currency status has been granted to the Chinese yuan. This will put the yuan in the same grouping as the US dollar, euro, British pound, and Japanese yen as globally accepted vehicles through which central banks and financial organisations may repay international debt and influence exchange rates. The move is symbolic of the yuan’s emerging prominence on the global stage, including the growing market for Chinese investments such as renminbi-denominated exchange-traded funds.

Commerzbank, a German investment bank and asset manager, has become the first issuer to list ETFs on the China Europe International Exchange (CEINEX), a newly launched exchange designed to promote greater availability of Chinese financial instruments, including ETFs, to European investors. Thomas Timmermann CEO of Asset Management at Commerzbank Corporates & Markets commented: “As the onshore Chinese markets are opening up to international investors, the market will continue to need investment solutions across a variety of asset classes. By launching these products now Commerzbank and its partners are keeping up to date with their client’s requirements.”

Bank of China International (BOCI) , in partnership with German investment bank Commerzbank, has announced the launch of Europe’s first Renminbi-denominated China A Share ETF: the BOCI Commerzbank Shanghai Stock Exchange 50 A Share Index UCITS ETF (BOC1). The ETF has made its debut at the inauguration of the Frankfurt-headquartered China Europe International Exchange (CEINEX). Li Tong, Chief Executive Officer of BOCI, said: “We are honoured to launch Europe’s first RMB-denominated A Share ETF on the day of CEINEX’s inauguration. It boosts the opening up of China’s capital market and RMB internationalization, opening a new chapter in our overseas business development.”

The internationalisation of the Renminbi has accelerated with the official launch of the China Europe International Exchange (CEINEX), a joint venture between the Shanghai Stock Exchange, Deutsche Börse and China Financial Futures Exchange. The new exchange, which is based in Frankfurt, is the culmination of a collaboration between the three groups to improve European investors’ access to Chinese securities. The new exchange, which is based in Frankfurt, is the culmination of a collaboration between the three groups to improve European investors’ access to Chinese securities. The exchange offers investment products, such as exchange-traded funds, based on Chinese underlyings to international investors and becomes the first and only dedicated platform for authorized RMB-denominated trading outside mainland China.

A joint venture designed to promote greater availability of Chinese financial instruments, including exchange-traded funds, to European investors is scheduled to begin trading operations on 18 November 2015. Securities trading on the exchange will be renminbi (RMB)-denominated, helping to support the internationalisation of the currency while also addressing the growing demand for offshore RMB products. Ownership in the new company, the China Europe International Exchange (CEINEX), is divided between its three participants, the Shanghai Stock Exchange (40%), the China Financial Futures Exchange (20%), and Deutsche Borse (40%).

Commerzbank, the German bank behind the ComStage range of exchange-traded funds, has announced the launch of a family of investable indices based on fund flow data from EPFR, a leading fund flow and asset allocation provider. Covering multiple asset classes including equities, commodities, fixed income and multi-asset, the indices track systematic strategies that utilise the predictive power of fund flow data to make asset allocation decisions. Their systematic nature means they can also be used as the basis for index-linked products such as exchange-traded funds.