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UBS commodities ETF passes USD1 billion in assets


UBS Asset Management has announced that the UBS (IE) ETF CMCI Composite SF UCITS ETF has surpassed USD1 billion in assets under management driven by a surge in net new money of USD224 million year-to-date (YTD).

The ETF delivered a 16 per cent return in 2016 and continues its positive momentum thus far in 2017, the firm writes. “Global indicators point to a rising inflationary environment and with commodities viewed as a natural hedge against this, inflows into the asset class have gained momentum with renewed interest in commodities over the last six months.”

Clemens Reuter, Global Head of Investment Specialists Passive & ETFs, says: "There is definitely growing interest from investors in increasing exposure to commodities for their asset allocation strategies and portfolios. In particular, we are seeing demand from European pension funds, alongside asset managers, who have invested extensively in the product. We expect to see more pension fund consultants recommending the CMCI ETF to their end-clients due to its advanced rolling methodology and its excellent diversification characteristics. In addition, our recently launched ex-Agriculture version has also seen rapid asset growth from those investors seeking SRI as a theme to add to their commodities exposure."

The UBS (IE) ETF CMCI Composite SF UCITS ETF is an enhanced beta broad commodities ETF. It seeks to replicate the returns of the UBS Bloomberg CMCI Composite TR index, a unique benchmark which provides efficient exposure to a basket of more than 25 commodities. It offers both sector (energy, precious metals, industrial metals, agriculture, livestock) and maturity diversification (five different maturity contracts from three months to three years) and does so using a unique constant maturity rolling process which ultimately helps to mitigate the effects of negative roll yield. The weightings of the index are designed to reflect the economic significance and market liquidity of each commodity. The index has consistently outperformed other broad commodity indices and has a proven live track record of more than 10 years.

The ETF is available in both USD and currency-hedged shares classes (EUR, CHF and GBP).

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