‘ ComStage ’

BMO’s European ETF retreat raises questions for industry

Nov 27th, 2019 | By
BMO to close European ETF business

BMO Global Asset Management is to withdraw from the European ETF market. In a letter to shareholders in its ETFs, the asset manager announced its intention to close all of its London-listed ETFs and cease managing ETFs domiciled in Europe. It said the decision was based on a variety of factors, including the current level of assets under management and projected asset growth in the current market environment. The ETF closures raise some important questions with respect to fund due diligence and issuer viability.

Lyxor completes integration of Commerzbank’s asset management business

Nov 20th, 2019 | By
Lyxor completes of integration of Commerzbank’s asset management business

Lyxor has completed the integration of Commerzbank’s asset management business which includes €16 billion of assets under management and the ComStage suite of ETFs. The combined entity offers one of Europe’s largest ETF ranges, with over 300 products. Lionel Paquin, CEO of Lyxor Asset Management, said, “With a platform founded on ETF expertise and innovation, active asset management and a deep understanding of the German retail market, I am convinced that together we will be even better placed and better equipped to support our clients as their needs evolve”.

CAC 40 index hits 30

Jul 4th, 2018 | By
Euronext CAC 40 ETFs

Euronext has marked the thirtieth anniversary of the French bellwether equity index – the CAC 40. The index is the most widely followed guage of the performance of French blue-chip stocks and the underlying reference for more than €6 billion worth of ETFs.

Societe Generale acquires Commerzbank’s ETF business

Jul 3rd, 2018 | By
Lyxor Comstage ETFs

Societe Generale, the French investment giant behind Lyxor ETF, has agreed to acquire Commerzbank’s equity markets and commodities business. The business includes the German bank’s established ETF brand, ComStage, and its associated ETF market-making platform.

DAX turns 30 as ETF-linked assets top €17bn

Jul 3rd, 2018 | By
DAX 30 ETFs Deutsche Borse

Frankfurt-headquartered exchange operator Deutsche Börse has celebrated the thirtieth anniversary of the launch of its bellwether index – the DAX. The DAX is the most widely followed reference for the performance of the German blue-chip equity market and has proven to be a popular choice for ETF investors with 17 DAX-linked ETFs commanding more than €17 billion in assets under management.

Commerzbank launches STOXX Europe 600 ETF on Deutsche Börse

Feb 16th, 2018 | By
Commerzbank cross-lists ComStage multi-asset ETFs on SIX

Commerzbank, the German bank behind the ComStage line-up of ETFs, has launched a new fund on Deutsche Börse’s Xetra and Frankfurt exchanges, offering exposure to the STOXX Europe 600 Index.

SIX reports slowdown in ETF turnover

Nov 3rd, 2017 | By
VanEck cross-lists entire suite of Think ETFs on SIX Swiss

SIX Swiss Exchange reported a 13.7% drop in Q3 ETF trading volumes compared to Q2, with the majority of the decrease accounted for by equity ETFs, after the benchmark Swiss Market Index SMI traded sideways for much of the quarter. The year-on-year decline was a relatively modest 3.6%.

Unpredictability in the air for Germany ETFs after election

Sep 27th, 2017 | By
German election results likely to have muted impact on ETFs

The results from Germany’s election are in and Angela Merkel’s centre-right coalition remains the largest force in parliament. But with the two largest parties recording their worst result since the 1940s and the far-right Alternative for Germany (AfD) party enjoying considerable support, the political direction of Germany has an added air of unpredictability. How has all this affected markets and, in turn, what’s been the impact on ETFs linked to German equities and bonds?

European basic resources sector ETFs making gains

Aug 2nd, 2017 | By
Market Vectors launches unconventional oil & gas ETF

Exchange-traded funds tracking the STOXX 600 Europe Basic Resources Index have recorded impressive returns recently with the index gaining over 10% in the month to 25 July 2017. The index is tracked by ETFs from Lyxor, iShares, Deutsche Asset Management, ComStage and Source.

Source commodity ex-agriculture ETF launched on Xetra

May 31st, 2017 | By
China Post Global relists flagship commodity ETFs on LSE

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