Two new exchange-traded index funds issued by UBS ETFs – CMCI Composite SF (USD) I-acc and CMCI Composite SF (USD) A-acc – are now tradable in Deutsche Börse’s XTF segment.
The new UBS ETFs from the index series of the Constant Maturity Commodity Index (CMCI) enable investors to participate for the first time in the performance of 28 commodities contracts in US dollars with up to seven different maturities.
The difference between the two UBS ETFs is the unit class. The class “I” ETF is aimed primarily at institutional investors, and the class “A” ETF at private clients.
The weighting of the five commodities sectors included in the CMCI – energy, precious and industrial metals, agriculture and livestock – is based two thirds on economic factors (rate of inflation as well as GDP of the US, EU and Japan) and one third on liquidity (open interest and market volume).
