A new UBS Global Asset Management commodity index ETF has been tradable via Xetra and Börse Frankfurt since Monday.
ETF name: UBS ETFs plc - CMCI ex-Agriculture SF UCITS ETF (USD) A-acc
Asset class: commodity index ETF
ISIN: IE00BZ2GV965
Ongoing charges: 0.37 percent
Distribution policy: accumulating
Benchmark: UBS Bloomberg CMCI Ex-Agriculture Ex-Livestock Capped Index
The new commodity index ETF, the UBS ETFs plc - CMCI ex-Agriculture SF UCITS ETF (USD) A-acc, enables investors to participate in the performance of a broadly diversified basket of commodity contracts from the energy and precious and industrial metals sectors. The reference index excludes components from livestock and agriculture. The top 5 futures contracts from the commodity sectors stated are selected monthly on the basis of their performance, and then weighted equally in the index. The total share from the fossil fuels group is capped at 70 percent.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,139 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.
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