A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Friday. All db ETCs are backed by physically deposited gold bars.
ETC name: db Metals & Energy Booster ETC (EUR)
Asset class: Commodities
ISIN: DE000A1NY0U7
Total expense ratio: 0.45 percent
Benchmark: db Metals & Energy Booster Euro Unhedged Index
The new db ETC tracks the performance of the db Metals and Energy Booster Euro Unhedged Index. The index comprises 13 commodities from the precious and industrial metals and energy sectors. The approach is fundamentally based on a roll-optimised mechanism with periodic replacement of the commodity futures tracked in the commodities index.
Deutsche Börse’s ETC segment product range currently comprises 235 instruments. The monthly trading volume of ETCs on Xetra averages over €900 million.
