Commerzbank’s exchange-traded fund division Comstage has introduced five new ETFs to the Xetra and Borse Frankfurt exchanges. Four of the new funds track long or short positions for a range of maturities in the US Treasury market while the fifth tracks a basket of commodities from the energy as well as the industrial and precious metal sectors.

Following a 21% fall in China’s Shanghai Composite over the past five days and devaluation of the yuan, now could be an opportune time for contrarian investors and/or those with long investment horizons seeking a target allocation to the world’s second-largest economy to begin to progressively build a position in ETFs exposed to the country’s equity and bond markets. The fundamentals, including vast foreign exchange reserves, a healthy current account surplus, moderate fiscal deficit and plenty of capacity for fiscal and monetary stimulus, certainly suggest that over the long term this may prove astute.