New UBS ETF on Xetra: Carry trade on different maturities of commodity futures

Release date: 22 Jan 2020 | Deutsche Börse Cash Market

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
per cent

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.

Further information