Index provider MerQube, has announced that it is working with UBS as the calculation agent and administrator of their CMCI Family which will be known as the UBS Constant Maturity Commodity Indices going forward.
The firm writes that this innovative family of ~1100 Constant Maturity Commodity Indices (CMCI) features an advanced approach to commodity investing, providing investors with enhanced beta exposure to commodity markets. While the CMCI was launched in 2007, it remains one of the most advanced and innovative indices in this space, the firm says.
The CMCI family offers a variety of choices, from the broad composite index to more focused options covering sectors such as Energy, themes, or strategies such as constant maturity indices.
Vinit Srivastava, CEO at MerQube, says: “We are excited to work with a world leading firm like UBS and take on this mandate. MerQube was created to deliver cutting-edge technology solutions to support the most innovative and complex indices. Delivering on a varied and complex family of indices such as CMCI, is a demonstration of our ability to deliver on both complexity and scale. Our cloud native platform is agile, scalable and cost-efficient. We believe our technology will help bring innovation and growth to the CMCI family.”
David Rouse, UBS QIS Platform, says: “The UBS Constant Maturity Commodity Index is one of the most successful and innovative next generation commodity indices on the street. We look forward to working with MerQube, utilising their state-of-the-art technology, to continue to deliver our advanced approach to commodity investing.”