ComStage, the ETF brand of Commerzbank, has launched on Wednesday the world's first ETF on the F.A.Z. Index. For the first time, clients can invest with an ETF into the 100 largest German companies combined in the F.A.Z. Index in a cost efficient and diversified manner.
"Our new ETF on the F.A.Z. Index is ideal for long term investors who wish to benefit from investment in German industry," said the Head of ComStage, Thomas Meyer zu Drewer. "Partnering with the well-known German business paper Frankfurter Allgemeine Zeitung, we are pleased to make equity investment more attractive and to expand our ETF range to 95," said Meyer zu Drewer at the launch of new exchange traded funds (ETFs) in Frankfurt.

"The importance of the F.A.Z. Index was underlined by the short time it took to convince the first ETF provider to launch an ETF on our index. We are confident that investors will appreciate the added value of the index, "said Holger Steltzner, managing editor of the Frankfurter Allgemeine Zeitung GmbH.

The Comstage ETF on the F.A.Z. Index was introduced on Wednesday at the stock exchanges Xetra, Frankfurt and Stuttgart. It is the aim of the UCITS IV-compliant ETF to closely reproduce the movements of the F.A.Z. Index. Dividends on the shares contained in the F.A.Z. Index are reflected fully in the ComStage ETF.
With an annual flat rate administration fee of 0.15%, the new ComStage ETF offers both institutional and retail investors an inexpensive way to invest with one transaction in a broad selection of the leading German companies. The Comstage ETF F.A.Z. Index has the securities identification number (WKN) ETF006 or the ISIN LU0650624025.

The F.A.Z. Index is the oldest German share index and reflects the movement of the shares prices of a dozen sectors for around 50 years. Structured Solutions AG has been calculating the F.A.Z. Index in a modified way since June 2011 to provide continuous trading opportunities.