UBS, under its E-TRACS brand, launched a new exchange-traded note (ETN) yesterday that offers exposure to the DJ-UBS Commodity Index Total Return. This benchmark is designed to provide diversified commodity exposure based on the economic significance of each commodity. The index measures the collateralized returns on a basket of 19 commodity futures contracts representing energy, precious metals, industrial metals, grains, soft commodities, and livestock sectors. The largest commodity allocation is to oil and gas, including crude oil (13.8%), natural gas (11.8%), gasoline (3.7%), and heating oil (3.6%). [click to continue…]
{ Comments on this entry are closed }








