New UBS ETF on Xetra: Carry trade on different maturities of commodity futures
New UBS ETF on Xetra: Carry trade on different maturities of commodity futures
Since Wednesday, a new Exchange Traded Fund from UBS Global Asset Management is tradable 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.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS ETF (IE) CMCI Commodity Carry SF UCITS ETF (USD) A-acc | Commodity index ETF | IE00BKFB6L02 | 0.34 | Accumulating | UBS Bloomberg CM-BCOM Outperformance Strategy Index ex-Precious Metals 2.5 Leveraged Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,508 ETFs. With this selection and an average monthly trading volume of around €11 billion, Xetra is the leading trading venue for ETFs in Europe.