Two new exchange-traded index funds issued by UBS ETFs plc have been tradable in Deutsche Börse’s XTF segment since Friday.
ETF name: UBS ETFs plc – CMCI Composite SF (USD) I-acc
Asset class: commodity index ETF
ISIN: IE00B56HZD74
Total expense ratio: 1.12 percent
Distribution policy: non-distributing
Benchmark: CMCI Composite Index
ETF name: UBS ETFs plc – CMCI Composite SF (USD) A-acc
Asset class: commodity index ETF
ISIN: IE00B53H0131
Total expense ratio: 1.29 percent
Distribution policy: non-distributing
Benchmark: CMCI Composite Index
The new UBS ETFs from the index series of the Constant Maturity Commodity Index (CMCI) enable investors to participate for the first time in the performance of 28 commodities contracts in US dollars with up to seven different maturities. The difference between the two UBS ETFs is the unit class. The class “I” ETF is aimed primarily at institutional investors, and the class “A” ETF at private clients.
The weighting of the five commodities sectors included in the CMCI – energy, precious and industrial metals, agriculture and livestock – is based two thirds on economic factors (rate of inflation as well as GDP of the US, EU and Japan) and one third on liquidity (open interest and market volume).
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,022 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
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