Name of ETN: UBS E-TRACS CMCI Energy Total Return ETN
Benchmark Index: UBS Bloomberg CMCI Energy USD TR Index
Ticker Symbol: UBN
Underlying Commodity Exposure: This ETN is designed to move in the same direction as a basket of energy commodities (crude oil, heating oil, gasoil, natural gas).
ETN Highlights:
- The index this ETN is based upon is designed to reflect the returns (unleveraged) from a basket of energy contracts.
- 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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