UBS Adds New Commodity ETN Linked To Dow Jones UBS Commodity Index

Published: 29-Oct-2009

The new index measures collateralised returns from a diversified basket of 19 commodity futures contracts

UBS Investment Bank has expanded its UBS E-TRACS Exchange Traded Notes (ETNs) platform by adding a new ETN linked to the Dow Jones-UBS Commodity Index. The new note called UBS E-TRACS Dow Jones-UBS Commodity Index Total Return (DJ-UBSCI TR) began trading on October 29 on NYSE Arca.

UBS said that the DJ-UBSCI TR is UBS’s first ETN linked to the Dow-Jones UBS Commodity Index, which UBS purchased from AIG in May 2009. The DJ-UBSCI TR measures collateralised returns from a diversified basket of 19 commodity futures contracts from sectors spanning energy, precious metals, industrial metals, grains and livestock.

Christopher Yeagley, managing director and US head of equity structured products at UBS, said: “This new note linked to the Dow Jones-UBS Commodity Index offers clients easy accessibility to a variety of hard to access commodities at a very compelling price. We are thrilled to be able to add the UBS E-TRACS Dow Jones-UBS Commodity Index Total Return to our stable of ETNs.

“UBS E-TRACS offer unique diversification opportunities in a number of commodity sectors, and with the addition of the DJ-UBS Commodity Index to the platform, we now can give access to both of our highly successful commodity indexes, the Dow Jones-UBS Commodity Index and the UBS Bloomberg Constant Maturity Commodity Index.”

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