UBS offers food index for structured products and ETCs

UBS has announced the launch of the UBS Bloomberg CMCI Food Index which will be available through a variety of funds, exchange traded commodities and UBS structured products. The index is available in US dollars, euros and Swiss Francs and covers 13 commodities directly linked to food consumption including wheat, corn, soybeans, sugar and livestock.

Each commodity in the index is diversified across a range of different investment maturities and uses the same methodology as the UBS Bloomberg Constant Maturity Commodity Index (CMCI) which addresses common concerns such as volatility and roll yield.

"Awareness of the link between commodity prices and inflation has increased significantly over the last six months, due mostly to the rise in food prices,” says Morgan Metters, head of Commodity Index Structuring at UBS. “The UBS Bloomberg CMCI Food