NYSE Euronext and German bank Commerzbank have launched two exchange-traded funds on the Portuguese PSI 20 and PSI 20 Leverage indexes.

The ETFs start trading today on the Lisbon stock exchange.
 
Commerzbank, through its subsidiary Comstage, will distribute the ETFs on PSI 20 and PSI 20 Leverage indexes among Portuguese and foreign investors.

Luis Laginha de Sousa, chairman and chief executive of NYSE Euronext Lisbon, says: "The launch of these new products is of great importance for the Portuguese market. ETFs on the PSI 20 are an innovative product that allows simplified and efficient access to the largest Portuguese listed companies.”
 
Hélio Cláudio, director public distribution international of Commerzbank, says: "We have the pleasure of launching the first ComStage ETF in Portugal, a product that will be of great importance to investors seeking exposure to the domestic equity market.”

The PSI 20 is the Portuguese benchmark index, reflecting the evolution of the prices of the 20 largest and most liquid share issues selected from the universe of companies listed on NYSE Euronext Lisbon.