UBS launches tradable investment benchmark for freight derivatives

“Dry freight transportation volumes to countries including China and India have grown dramatically over the last 12 months,” says Murisic. “At the same time, the number of freight derivative contracts traded has increased exponentially. FFAs remain however predominantly a hedging instrument for shipowners, charterers and other organisations involved in the transportation of commodities and are largely inaccessible for the broad investor community.

UBS has incorporated a proprietary port conge