Comdirect, the German direct banking arm of Commerzbank, is expanding its ETF offerings with a new partnership with State Street Global Advisors. the jointly launched Comdirect S&P All World State street ETF aims to provide investors with access to a broad range of global equities, encompassing over 4,100 companies across more than 40 countries. This new fund differentiates itself by including small-cap stocks alongside customary large-cap and emerging market holdings, offering a more comprehensive representation of the global economy.
Comdirect, a subsidiary of Commerzbank, and State Street have jointly launched a new ETF tracking the S&P All World Index, offering investors exposure to over 4,100 companies globally.
Comdirect, the direct banking arm of Commerzbank, has partnered with State Street Global Advisors to introduce a new exchange-traded fund (ETF). The Comdirect S&P All World State Street ETF is designed to provide investors with broader global equity exposure than traditional world ETFs, according to a statement released by the German bank.
Expanded Global Reach
The new ETF tracks the S&P All World Index and differentiates itself from commonly available products through its expanded scope, Comdirect explained. In addition to large-cap and emerging market equities, the fund also includes small-cap stocks – albeit with certain limitations.
Companies included in the ETF’s portfolio must meet specific criteria. Specifically, they must have reported positive earnings per share over the past two years and demonstrate sufficient liquidity. Overall, the fund holds more than 4,100 companies across more than 40 countries, Comdirect reports. This wider diversification aims to capture a more comprehensive representation of the global economy.
Fee-Free Trading on Tradegate
Comdirect states that purchases and sales executed through the Tradegate exchange will not incur order fees or exchange-based transaction costs. This applies to both lump-sum investments and regular savings plans. Depot fees will remain waived as long as the ETF is held within a Comdirect account.
The direct bank has not yet disclosed further product details, such as the total expense ratio (TER) or the ISIN.
!function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js');
fbq('init', '3580392368860331'); fbq('track', 'PageView');
