UBS launches 69 exchange-traded commodities in London

The listing marks the first major issuance of ETCs by the bank in Europe, outside of Switzerland. LSE head of ETFs and ETCs Pietro Poletto says: "London is fast becoming the venue choice for issuers looking to break into the European marketplace for exchange-traded products." The series of ETCs are designed to return the performance of the UBS Bloomberg Constant Maturity Commodity index (CMCI) and its sub-indices. The bank says the CMCI is the first benchmark index to diversify across commodities and maturities. The index and its sub-indices are denominated in US dollars, euros or ...