Two new listed equity index ETFs issued by ComStage have been tradable inDeutsche Brse’s XTF segment since Monday.
ETF name: ComStage ETF HSIAsset class: equity index ETFISIN: LU0488316729Total expense ratio: 0.55 percentDistribution policy: distributingBenchmark: Hang Seng Index (price index)
ETF name: ComStage ETF HSCEIAsset class: equity index ETFISIN: LU0488316992Total expense ratio: 0.55 percentDistribution policy: distributingBenchmark: Hang Seng China Enterprises Index (price index)
The ComStage HSI and HSCEI ETFs track the performance of companies traded on the Hong Kong Stock Exchange. The Hang Seng Index (HSI) represents the development of the largest and most liquid blue chips listed on the Hong Kong Stock Exchange. Mainland-Chinese companies whose H-shares are listed in Hong Kong can be included in the HSI if they meet certain criteria. The Hang Seng China Enterprises Index (HSCEI) comprises the most important mainland-Chinese shares traded on the Hong Kong Stock Exchange (H-shares). It only comprises the H-shares with the highest market capitalization which are also included in the Hang Seng Composite Index (HSCI). Both of these are price indices.
The product offering in Deutsche Brse’s XTF segment currently contains a total of 680 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €14 billion, makes Xetra Europe’s leading trading venue for ETFs.
D.C.