New Copper ETC From Db ETC Index Plc Launched On Xetra

A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Wednesday.

ETC name: db Copper Booster ETC (EUR)
Asset class: Commodities
ISIN: DE000A1XVBJ3
Total expense ratio: 0.45 percent
Benchmark: DBLCI Optimum Yield Copper Grade A EUR TRAC Index

The new db ETC enables investors to participate in the performance of futures on the industrial metal copper denominated in US dollars, using the Optimum Yield strategy. The Optimum Yield strategy is aimed at minimising the roll losses arising from the exchange of expiring futures contracts in times of contango markets, and maximising roll gains in times of backwardation markets. The db Copper Booster ETC is traded on the stock exchange in euros.

Deutsche Börse’s ETC segment product range currently comprises 261 instruments. The monthly trading volume of ETCs on Xetra averages around €700 million.