10/03/2010 UBS launches its first Exchange Traded Commodities on the London Stock Exchange
The London Stock Exchange welcomes UBS ETCs to the Main Market
Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused financial services firm that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. By delivering a full range of advice, products and services to its private, corporate and institutional clients, UBS aims to generate sustainable earnings, create value for its shareholders, and become the choice of clients worldwide.
On 10 March 2010, UBS launched UBS Exchange-Traded Commodities (ETCs) in the UK, a series of innovative investment products that allow a broader range of investors to gain exposure to commodities in an easy, efficient and flexible way through the UBS Bloomberg Constant Maturity Commodity Index (CMCI) family.
The ETCs are publicly traded Notes that track the performance of the CMCI, the first benchmark commodity index to diversify not only across commodities but also maturities. In addition to the CMCI benchmark index, investors will be able to access a number of sectors, individual commodities and strategy indices. Each Index is available in US Dollars, Euro and Sterling.
The Notes are tradable on the Main Market of the London Stock Exchange, providing investors with exposure to the commodities market through a simple stock exchange transaction.
Jason Barron, Global Head of Equity Derivatives at UBS Investment Bank, said: “Over the years, UBS has developed a strong position in the creation and development of innovative index-related products to meet demand from our clients and intermediaries. UBS ETCs provide exposure for a broader range of investors to the commodities asset class, offering exceptional diversification opportunities for a wider investor community.”