Name of ETN: UBS E-TRACS CMCI Total Return ETN
Benchmark Index: UBS Bloomberg CMCI Composite USD TR Index
Ticker Symbol: UCI
Underlying Commodity Exposure: This ETN is designed to move in the same direction as a portfolio of commodity futures.
ETN Highlights:
- The index this fund is based upon is designed to reflect the potential returns (unleveraged) of approximately 28 different commodities futures.
- Examples of the commodity futures represented include agriculture, energy, precious metals, industrial metals and livestock commodities.
- In addition to the diverse group of commodity futures, the index also diversified across five constant maturities. These can range from three months to three years.
- Investors looking to invest in commodities without opening a futures account can use commodity ETFs/ETNs as an alternative investment vehicle. Investors should be aware that investing in ETNs is not the same as owning interests in the commodities futures contracts as there is no principal protection.
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