Strategy of ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF
Investment strategy
The Commerzbank Fed Funds Effective Rate Index tracks a daily rolling exposure to the Federal Funds Effective Rate, the benchmark short-term money market interest rate in the US. The Federal Funds Rate is set at meetings of the Federal Open Market Committee (FOMC).
Description of ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF
The ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF invests in money market instruments and in very short term government bonds without duration risk.
The ETF has a USD currency exposure.
The total expense ratio amounts to 0.10% p.a..
The fund replicates the performance of the underlying index synthetically with a swap.
The ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF is a very small ETF with 12m Euro assets under management.
The ETF is older than 5 years
and is domiciled in Luxembourg.
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