UBS AM launches commodity ETF on LSE

TER of 0.37%

UBS Asset Management has launched a commodity ETF, the Bloomberg Commodity CMCI SF UCITS ETF on the London Stock Exchange.

It has a total expense ratio (TER) of 0.37% and will track the Bloomberg Commodities index, the largest benchmark for broad commodity-tracking assets. The firm said by combining advanced futures rolling methodology with standard constituent weights, the ETF will be able to mitigate the effects of a negative roll yield. What is the outlook for oil as prices slip into bear market territory? Andrew Walsh, head of passive and ETF specialist sales UK & Ireland, said: "Accessing commodities in a UCITS structure requires the underlying index to use futures contracts as physical delivery i...