German issuer Comstage has expanded its fixed income ETF range to 14 funds with the launch of three new trackers based on Markit’s iBoxx indices.

The Comstage ETF iBoxx € Liquid Sovereigns Diversified 3m-1 TR tracks fixed income instruments issued by Eurozone governments with maturities ranging from three months to one year. Individual country weightings are capped at 20% of the index. According to the latest Comstage fund factsheet, the index portfolio has a yield of 0.62%, while the ETF carries a total expense ratio of 0.12% per annum.

The Comstage ETF iBoxx € Sovereigns Germany Capped 3m-2 TR features bonds issued by the German government of between three months and two years to maturity, with the weighting of any one issue capped at 30%. According to the latest Comstage fund factsheet, the index portfolio has a yield of 0.79%, while the ETF carries a total expense ratio of 0.12% per annum.

The Comstage ETF iBoxx € Sovereigns Inflation-Linked Euro Inflation TR covers the major Eurozone sovereign and quasi-sovereign inflation-linked bond markets. Only bonds issued by sovereigns or sub-sovereigns are eligible. Countries must have an investment grade domestic sovereign debt rating. Sub-sovereign issues must be rated investment grade by Fitch, Moody’s or Standard & Poor’s. The ETF carries a total expense ratio of 0.12% per annum.

Comstage’s ETF range now totals 65 funds, with €4.4 billion under management, according to the latest edition of Deutsche Bank’s ETF Liquidity Trends report, placing the issuer ninth in a ranking of European ETF issuers by funds under management.