UBS launches tradable investment benchmark for freight derivatives

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UBS Investment Bank has launched the UBS Blue Sea Index, a tradable benchmark for global investments in the freight derivatives market, constructed using liquid, actively traded dry-bulk forward freight agreements (FFAs). The index is intended to underlie various structured products, including hybrid products blended with other commodities, principal-protected notes, outperformance trades and delta-1 trackers.

"Dry freight transportation volumes to countries including China and India have grown d