UBS Global Asset Management lists a new Exchange Traded Fund (ETF) on the London Stock Exchange: The UBS-ETF CMCI Composite offers investors efficient exposure to the commodities asset class via a widely diversified and dynamic commodities index…
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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 UBS-ETF CMCI Composite SF is available in two share classes: an attractively rated share class “A” and a share class “I”, which is recommended to investors looking to trade in larger volumes.
The share class “I” ETFs carry an even more competitive total expense ratio (TER) than the share class ”A”. The fund currency of the newly listed UBS ETF is the USD. It is traded on the London Stock Exchange in GBp (British pence) for share class “A” and in USD for share class “I”. The fund domicile is in Ireland.
New UBS ETF on the London Stock Exchange:
Name : UBS ETFs plc – CMCI Composite SF (USD) – A
Currency: GBp
TER: 0.62%
ISIN: IE00B53H0131
Reuters: UC15 LN
Bloomberg: UC15.L
Name : UBS ETFs plc – CMCI Composite SF (USD) – I
Currency: USD
TER: 0.45%
ISIN: IE00B56HZD74
Reuters: UC16 LN
Bloomberg: UC16.L
Source: ETFWorld.co.uk
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