UBS Global Asset Management has listed a new exchange-traded fund on the London Stock Exchange, the UBS-ETF CMCI Composite SF. The fund offers investors exposure to the commodities asset class via a widely diversified and dynamic commodities index.
The UBS-ETF CMCI Composite SF (Swap Fund) is based on the UBS Bloomberg Constant Maturity Commodity (CMCI) Total Return Index, which consists of several commodities sectors. The individual commodities are weighted in the index according to economic and liquidity data. This weighting reflects the individual commodities’ global consumption patterns.
The UBS Bloomberg CMCI Total Return Index provides diversification across the entire maturity of the futures curve and thus allows for continuous exposure to the broad commodities asset class. Due to the broad diversification across sectors and maturities, the investor benefits from lower volatility than they would with conventional commodities indices.
These features enable the UBS-ETF CMCI Composite SF to offer investors a widely diversified, UCITS IV-compliant investment in global commodities in a single transaction.
The fund currency of the newly listed UBS ETF is the USD. It is traded on the London Stock Exchange in GBP for share class “A” and in USD for share class “I”. The fund domicile is in Ireland.
