ComStage releases bond index ETFs in Germany

The ComStage ETF iBoxx € Germany Covered Capped 3-5 Total Return bond index fund tracks the respective index, which comprises euro-denominated covered bonds issued in Germany with maturities of three to five years. Similarly the other two funds hold bonds with maturities of between five to seven years and seven to 10 years. The three ETFs are non-distributing and have management fees of 0.17 percent. The bonds constituting the underlying indices must have an outstanding volume of at least one billion euros. The latest launch from ComStage brings the total number of exchange-listed ...