A risk weighted commodity index fund issued by Ossiam has been tradable on Xetra for the first time since Thursday.
ETF name: Ossiam Risk Weighted Enhanced Commodity Ex Grains UCITS ETF (EUR)
Asset class: commodity index ETF
ISIN: LU0876440578
Total expense ratio: 0.45 percent
Distribution policy: non-distributing
Benchmark: Risk Weighted Enhanced Commodity Ex Grains Index Total Return USD
The new Ossiam ETF allows investors to participate in the performance of a risk-weighted commodity index ETF for the first time. The Risk Weighted Enhanced Commodity Ex Grains Index, which the ETF tracks, is based on a diversified basket of 20 commodity futures contracts from the sectors precious and base metals, primary commodities, and agricultural goods excluding grains. All 20 commodity futures contracts are balanced according to their volatility, i.e. commodity futures contracts with lower volatility are given a higher weighting than commodity futures contracts with higher volatility.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,007 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs