I am pleased to report that my latest research has found its way to the market: The Comstage ETF Basket Certificate, a Swiss public traded investment certificated listed on the Swiss Scoach Exchange under the ticker "CBETF" and ISIN number CH0109452513 issued by Commerzbank AG is the translation of my academic research into an investment product available to retail investors.
It is traded daily on the exchange exactly like a share or an ETF and had a starting price of 100.25 Swiss Francs per certificate. This allows also small investors to access a broad portfolio of stocks and commodities.
Together with Dominique Boehler of Commerzbank, I had been invited to discuss the launch of this product on "Stocks TV" (video in german)
This is the very first product listed on the Swiss Exchange (and as far as I know on any exchange) to combine commodities and shares as a way to reduce portfolio volatility and increase risk-adjusted returns.
As much of the material is in German, I have prepared an English translation of the article/summary available here for download
For German speaking students and visitors the original article, published in the Commerzbank magazine "Ideas" is available here for download
What exactly is inside the certificate? I have always been in strong support of transparent investment products and this certificate is entirely transparent. The composition and weighting is available in the official termsheet The initial issue size is 30,000 certificates (3 Million Swiss Francs) and can be bought in any quantity with a minimum of 1. The price per certificate was 100.25 Swiss Francs as issuing price (29 January) and has raised to a current 102.40 Swiss Francs.
I have prepared a dedicated website where you can even see the full composition - or export it in excel click here to visit the interactive website
This development is unique as very few researchers see their studies and academic ideas translating into traded investment products (I recall very few).
What makes it even more interesting is that this product will be used as an example in our Investment Management residential class starting next Monday.
Rest assured that we will discuss the product in future sessions too.
As always your comments are very much appreciated !
David
Reader commentary
Nutifafa Ohene
March 19th, 2010 at 02:28pm
Dear Prof,
I personally wants to congratulate you on your enormous achievement.We need people like you to change the world.
Thanks.
Nutifafa Ohene
March 19th, 2010 at 02:23pm
Dear Prof ,
This is a great work and is an envy to others to emulate your hard work.
All the best.
Ada Ruby Ezuruka
March 10th, 2010 at 08:36pm
Dear prof.Costa,i appreciate your effort in making this world a global village. I enjoy programmes that makes me think strategically and creatively be/c that's what we need right here in Nigeria to ensure our livelihood. I'll co-operate and collaborate with RKC.
Ada Ruby Ezuruka
March 10th, 2010 at 08:36pm
Dear prof.Costa,i appreciate your effort in making this world a global village. I enjoy programmes that makes me think strategically and creatively be/c that's what we need right here in Nigeria to ensure our livelihood. I'll co-operate and collaborate with RKC.
James Ochieng
March 3rd, 2010 at 09:43am
Thanks Prof for a job well done. I am a newly admitted MBA student at RKC but still hunting for sponsors to help me go through the course. How can I get the certificates in Botswana?
James Ochieng
March 3rd, 2010 at 09:42am
Thanks Prof for a job well done. I am a newly admitted MBA student at RKC but still hunting for sponsors to help me go through the course. How can I get the certificates in Botswana?
nyambura
March 1st, 2010 at 02:19pm
I am so facinated by the ETF basket concept. Well done Prof. How do I purchase certificates from Kenya? I have longed to do an online MBA at RKC but it is too expensive for me. It would be so rewarding to understudy you Prof. I still await some miracle for the finances.
Abdullahi Mika'ilu
February 24th, 2010 at 01:20pm
Interesting!!! I am not yet a student at RKC but this examplary achievement has affected me positively . I am filling the online form this minute.
Usman Dahiru
February 22nd, 2010 at 09:38am
I wish to congratulte the prof. for this remarable achievement.
I'm not your student yet. but I wish to join you soon.
Thanks
snezha stefanova
February 20th, 2010 at 08:58pm
i am not a studen yet,but i am fully motivated und hope soon to be part of RKC,learn from you und change my life.
Tina Arora
February 20th, 2010 at 05:35pm
Dear Prof. Costa,
I am a new student at RKC and very glad to see the kind of work you are doing for finance professionals.
It is indeed a pleasure to be your student and learn from you.
Regards,
Tina
Mukundabantu Martin
February 19th, 2010 at 10:31am
Hi am so glad for job u are doing
its so nice
the best thing in life is to share with other what you owe
if will so glad if i start my course at ur university
JOHNSON
February 19th, 2010 at 09:40am
Weldone for a job well done, may God give you more knowledge, do do more exploits.
Am really motivated by your.
Julius
February 19th, 2010 at 08:55am
Iam fully motivated and pick interest to intergrate my skills,however infrastructures(internet) is still lagging here(S.Sudan)so I would not be able to study on line programme and again my current jOb require remote travelling to supervised construction work.
NEED YOUR ADVICE!
JULIUS
DENNIS K NGENOH
February 19th, 2010 at 07:13am
its the best,and ifeel ishould join the university to further my studies,if you can arrange for me for sponsorship or sent me alegitimate ;Latter to US embassy[NAIROBI KENYA] fo me to easily aquire visa,IWILL APPRECIATE
muthoni
February 18th, 2010 at 09:10pm
Sound really great! How do we artists/designers capitalise on your achievement? What about scholarships for MBA designers?
oluwasanmi
February 18th, 2010 at 08:01pm
congrats on this new achivement.
SHEDRECK
February 18th, 2010 at 11:34am
THANKS FOR YOUR SUPPORT. IT GIVES ME MORE PRESSURE, I AM MORTIVATED AND INSPIRED BY YOU
THANKS
irena sumanteva
February 18th, 2010 at 09:49am
congratulations !
I wish you a great success.
irena