A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Tuesday.
ETC name: db Commodity Momentum Euro Hedged ETC Asset class: Commodities
Total expense ratio: 0.45 percent
Benchmark: db Commodity Momentum EUR Index
The new db ETC tracks the performance of the db Commodity Momentum EUR Index, which follows an investment strategy based on short-term momentum of individual commodities. The index represents a broadly diversified commodity basket, based on the 14 sub-indices of S&P GSCI. All db ETCs are backed by physically deposited gold bars.
Deutsche Börse’s ETC segment product range currently comprises 274 instruments.
The monthly trading volume of ETCs on Xetra averages around €700 million.
Xetra® is a registered trademark of Deutsche Börse AG.