UBS and Bloomberg launch CMCI Food Index

It is available in US dollars, euros and Swiss francs and covers 13 commodities, including wheat, corn, soybeans, sugar and livestock. Each commodity is diversified across a range of different investment maturities and uses the same methodology as the UBS Bloomberg Constant Maturity Commodity Index (CMCI), which was launched in January 2007.

“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. The new index was developed in response to a growing demand from investors looking to hedge against this price inflation as well as from those looking to buy food related commodities for diversification purposes,” said Morgan Metters, head of commodity index structuring at UBS.

The family of UBS Bloomberg CMCI Indexes, including the new food index, will serve as underlyings for a variety of investment products, such as exchange-traded funds (ETFs), structured products and investment funds.

As of 25 February 2008, the commodities with the largest target weights were: wheat, with 21.94%; corn, with 17.33%; and soybeans, with 14.94%.

See also:
Banks launch new commodity indexes
Indexes emerge

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here