ETF Times: September 13 - 17

Commodity funds top performance rankings, capitalising on poor harvests and shortage of tin and cotton supply

Morningstar ETF Analysts 21 September, 2010 | 5:09PM
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New Listings
Credit Suisse (CS) launched 45 ETFs on the London Stock Exchange. The ETFs track the performance of a broad range of indices, including European, North American and Japanese equity benchmarks (both small and large capitalisation), as well as emerging markets indices. There are also eight fixed income ETFs across a variety of maturity ranges, as well as funds tracking European and US government inflation protected bond benchmarks. While the majority of the funds use physical replication, 13 of them are swap-based ETFs tracking the performance of regional indices such as the MSCI EM Asia and MSCI EM Latin America, as well as a number of single-country emerging market indices. These funds have been simultaneously listed on the Borsa Italiana.

Amundi launched five ETFs on the Deutsche Borse. The funds consist of four equity-tracking products and one fixed income ETF. One fund tracks the S&P 500 with a total expense ratio (TER) of 0.15%, the lowest fee amongst ETFs tracking the index. The Amundi ETF NASDAQ 100 follows the technology-heavy benchmark and has a TER of 0.23%. The Amundi CAC 40 charges a TER of 0.25%. The Amundi EURO STOXX Small Cap ETF tracks the performance of small-capitalisation equities based in the Eurozone and has a TER of 0.3%. Finally, the Amundi ETF Ex-AAA Govt. Bond EuroMTS is a fixed income product which offers exposure to sub-AAA rated Eurozone sovereign debt. This fund levies a 0.14% TER.

ComStage launched four ETFs on the Deutsche Borse. The ETFs track UK equity indices. Two of them track variations on the FTSE 100 index, with one ETF offering the inverse daily performance of the index and the other leveraging the index’s daily returns two times. The other ETFs launched were the ComStage ETF FTSE 250 TR, which tracks the performance of the next 250 largest companies in the UK, and the ComStage ETF FTSE All-Share TR which tracks the performance of every company included in the London Stock Exchange's Main Market.

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Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure.