Paris, 10 February 2010 – NYSE Euronext today welcomed three new exchange-traded funds (ETFs) in Paris as ComStage launched its ComStage ETFs CAC 40 range. Comstage is a key player in the European ETF market, with today’s launch marking its debut on the Paris market.
ComStage ETFs are funds that passively replicate their benchmark index. Passively-managed funds offer fees that are significantly lower than for actively-managed funds whose objective is to beat a benchmark index. In addition to the advantages of passive management, ComStage ETFs thus offer management fees that are among the lowest on the market.