Tailor-made fund solutions for your clients

Commerzbank Asset Management offers an extensive Private Label service via Commerz Funds Solutions S.A. (CFS), a Luxembourg-based fund management company, newly part of the Lyxor Asset Management group.


We believe that a strong brand is the key towards the success of your investment fund. We enable you to implement your investment approach into the structure of a Mutual or Alternative Investment Fund. The set-up of a fund in cooperation with CFS is by far the easiest and economically most advantageous solution to market your investment strategy successfully. Hereby, you can fully embrace the potential of your brand.

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Commerzbank has built a strong ComStage ETF Team. Since 10 years we have strengthened our expertise in both synthetic and physically replicated ETF strategies. ComStage has always been one of the leading ETF providers in Germany.

Thanks to our full-service platform in Luxemburg, we offer external clients the possibility to enter the fast-growing ETF market. We provide clients with a one-stop shop in order to get quick and cost-effective entry to the European ETF Market. Hereby, we fully support you with highly experienced product specialists. Together with our excellent external service providers we also offer access to Commerzbank’s leading ETF Market Making desk.

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Fund Launch

  • Fund launches across all liquid asset classes (Equity-, Bond- or Commodity-linked products)
  • Full UCITS (Undertakings for Collective Investments in Transferable Securities) and AIF  (Alternative Investment Fund) license
  • Management company CFS delivers own state-of-the-art risk controlling, fund setup, fund controlling and compliance
  • Direct access to one of the biggest custodians in Europe (BNP Paribas Securities Services)
  • Drafting of contractual framework and ongoing updates to current regulatory changes
  • Launch of your own tailor-made fund within eight weeks after signing of letter of intent 

Product Management

  • Assistance in fund structuring if necessary
  • Active and Passive (ComStage) Portfolio Management Teams in Frankfurt and London
  • High expertise in structured and guarantee funds with both synthetic and physical replications 
  • Pre- & Posttrade Compliance

Sales & Marketing

  • Access to a leading structured products platform in Europe
  • Long-standing relationships to regulatory authorities across Europe
  • Tailor-made reporting to your needs
  • Creation and publication of factsheets, KIIDs and Annual- or Semiannual reports
  • Access to one of the leading Market Making platforms across Europe 

Fund domiciles and countries available for registration

Fund domicile



United Kingdom (UK)


Mutual fund





Specialized investment fund
(for all liquid Asset classes)




Exchange Traded Fund (ETF)

Listed (Index-) fund




Within the European Monetary Union, funds may be admitted for distribution to another member state independently from the fund domicile within the EU fund passporting regime.

Do you have specific expectations? We are more than happy to discuss individual solutions tailored to your needs!

The CBK Experience

  • Access to Commerzbank Portfolio Management Teams and Global Markets 
  • Very experienced product engineers
  • High degree of transparency and quality of services
  • Individual advisory and very lean cost structure
  • One single direct point of contact in person even after the fund launch
  • Successfully implemented fund solutions across Europe

Current Set-up of CFS

The legal fund setup, risk management and controlling is provided by our management company CFS in Luxemburg. Further services such as portfolio management or structuring may be delivered by Commerzbank AG. Moreover, we work closely together with BNP Paribas Securities Services as our custodian, transfer agent and fund administrator. Yet, the basis for a successful fund project is laid out by our partners: A bespoke investment strategy and fund distribution.

About us

Commerz Funds Solutions S.A. (CFS) was founded in 2008 and manages approx. € 13 bln in AuM. Just in a few years, they have developed a successful investment management company for the exchange-traded index funds (ETFs) under the Comestage ETF brand and for unlisted UCITS funds. In addition, CFS offers an extensive Private Label fund service for investment funds and ETFs - e.g. we initiated an ETF-cooperation with a large germane asset manager already in 2013, in which the synergies of Product-Know-How, best-in-class structuring and distribution become apparent. Our product experts are more than happy to discuss your fund launch plans with you!

Takeover of guarantee fund Garant Dynamic from Allianz Global Investors

Inception of ETFs together with renowned Chinese Banks (BOCI & CCBI)

Start of Commerzbank Stiftungsfonds

Launch of Europe SectorTrend UCITS ETF in ccoperation with Feri Trust GmbH (Bad Homburg) 

Launch of first actively managed UCITS fund and inception of Private Label business

Foundation of Commerz Funds Solutions S.A. (100% subsidiary of Commerzbank AG) aiming to market the well-known  ComStage ETF’s

The brand name ADIG is finally renamed into cominvest

ADIG is merged into Cominvest Asset Management GmbH

Commerzbank acquires majority stake in ADIG

Commerzbank buys a stake in ADIG

The first investment funds in Germany are launched by ADIG: The multi asset fund Fondra and the equity fund Fondak

The General German Investment company mbH (ADIG) is founded by four banks in Munich as the first German fund management company

Next steps:

Please don’t hesitate to get in touch with us!

+49 69 136 82222


Or enquire an individual pricing quote immediately!

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Our offer to you

Are you interested in setting up a Private Label Fund? Please just answer the following questions in less than three minutes and we will shortly come back to you with an individual pricing quote. We look forward to getting in touch with you!

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