UBS launches second ETN platform of the week

The notes are all linked to the performance of its proprietary commodity index, the UBS Bloomberg Constant Maturity Commodity Index (CMCI), which uses different maturities of futures contract to provide diversified commodities exposure. The notes, called E-TRACS ETNs, will provide exposure to eight different indexes within the CMCI, including Agriculture, Livestock, Industrial Metals, Food, Energy, Gold and Silver.

Earlier this week Credit Suisse launched the first ETN from its Elements platform

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