ETFWorld.co.uk

New UBS ETF launched on Xetra

ETF provides currency-hedged access to the CMCI commodity index..


Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy


A new exchange-listed commodity index fund from the UBS Global Asset Management product range has been tradable in Deutsche Börse’s XTF segment since Monday.

ETF name: UBS ETFs plc – CMCI Composite SF UCITS ETF (GBP) A-acc

Asset class: commodity index ETF

ISIN: IE00B50XJX92

Total expense ratio: 0.45 percent

Distribution policy: accumulating

Benchmark: UBS Bloomberg CMCI hedged to GBP TR Index

Trading currency: British pound

The new UBS ETF from the Constant Maturity Commodity Index (CMCI) index series enables investors to participate in the performance of 28 commodity contracts with up to seven different maturities while also benefiting from a hedge against fluctuations in the GBP/USD exchange rate. This covers the entire yield curve and minimises negative roll effects.

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).

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,063 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.

Source: ETFWorld.co.uk


Related Articles

Global Palladium Fund launches competitively priced physically-backed metal exchange traded commodities (ETCs)

Editorial Staff

Tabula launches the world’s first Paris Aligned Bond ETF to tackle climate change

Editorial Staff

VanEck : First Bitcoin ETN tradable on Xetra

Editorial Staff