New UBS ETFs on Xetra: carry trade with commodity futures
New UBS ETFs on Xetra: carry trade with commodity futures
Since Thursday, two new exchange traded funds issued by UBS Global Asset Management are tradable on Xetra and Börse Frankfurt.
With UBS (Irl) Fund Solutions plc - CMCI Commodity Carry Ex-Agriculture SF UCITS ETF (USD) A-acc, investors gain access to a commodity strategy that simultaneously takes a short and long position in the futures of various commodity indices. Both the long and short position contain futures contracts on the same commodities, but with different maturities. The aim is to maximise the roll yield. Carry trades are trading strategies that exploit interest rate or, as in this case, time value differences.
Only the energy commodities oil and gas as well as the industrial metals aluminium, zinc, nickel and copper are considered. Futures on precious metals, agricultural commodities and livestock are excluded.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS (Irl) Fund Solutions plc – CMCI Commodity Carry Ex-Agriculture SF UCITS ETF (USD) A-acc | Commodity ETF | 0.34 per cent | Accumulating | UBS Bloomberg CM-BCOM Outperformance Strategy Ex-Precious Metals, Agriculture, Livestock 2.5x Leveraged Index | |
UBS (Irl) Fund Solutions plc – CMCI Commodity Carry Ex-Agriculture SF UCITS ETF (hedged to EUR) A-acc | Commodity ETF | 0.34 per cent | Accumulating | UBS Bloomberg CM-BCOM Outperformance Strategy Ex-Precious Metals, Agriculture, Livestock 2.5x Leveraged EUR Monthly Hedged Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,631 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.