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UBS launches new commodities carry trade ETF on Xetra

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UBS Global Asset Management has launched a new ETF providing access to a commodity strategy on Xetra and Börse Frankfurt.

UBS Global Asset Management has launched a new ETF providing access to a commodity strategy on Xetra and Börse Frankfurt.The UBS ETF (IE) CMCI Commodity Carry SF UCITS ETF (USD) A-acc gives investors access to a commodity strategy that simultaneously takes a short and long position in two commodity indices. Both indices contain the same commodities but with different future maturities. The aim is to maximise the roll returns. 

Net exposure to the commodity markets through excess short or long positions is nearly eliminated. Carry trades are trading strategies in which interest rate or, as in this case, fair value differences are exploited. The index uses a 2.5 leverage effect. 

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