NYSE Euronext and German bank Commerzbank announced today the launch of two Exchange-Traded Fund (ETF) on the Portuguese PSI 20 and PSI 20 Leverage indexes. The ETFs start trading today on the Lisbon stock exchange.
These new financial instruments, combining the simplicity of trading shares with the diversification of investment funds, are another investment option available on NYSE Euronext Lisbon. ETFs, tradable on real time during the entire trading session of the Portuguese Stock Exchange, are available through financial intermediaries and have no subscription or redemption fees.
Commerzbank, through its subsidiary Comstage, will distribute the ETFs on PSI 20 and PSI 20 Leverage indexes among Portuguese and foreign investors.
Luis Laginha de Sousa, Chairman and CEO of NYSE Euronext Lisbon, said: "The launch of these new products is of great importance for the Portuguese market. ETFs on the PSI 20 are an innovative product that allows simplified and efficient access to the largest Portuguese listed companies”.
“Launching this ETF on the PSI 20 means the Portuguese market now owns a new class of products, allowing domestic and international investors to set themselves more effectively in long positions and with leverage. The creation of this new product will boost the liquidity of the equities’ market in the PSI 20 Index”, added Miguel Geraldes, Head of Cash Market & Listing, of NYSE Euronext Lisbon.
Hélio Cláudio, Director Public Distribution International of Commerzbank, said: "We have the pleasure of launching the first ComStage ETF in Portugal, a product that will be of great importance to investors seeking exposure to the domestic equity market”.
“The ComStage ETF PSI 20 Leverage has been launched for investors who want to take the best return of daily variation of the PSI 20 index, while the objective of ComStage ETF PSI 20 is simply to replicate the evolution of PSI 20 index. Following the great success of our ETFs on the European market, where supply of ComStage has already reached in the 100 ETFs, we consider it also as a priority to develop the ETF market in Portugal”, he added.
