New UBS ETFs on Xetra: carry trade with commodity futures

Release date: 11 Feb 2021 | Deutsche Börse Cash Market

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

IE00BN940Z87

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

IE00BN941009

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.

Further information

Market Status

XETR

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