On Tuesday February 6, UBS and Bloomberg launched the UBS Bloomberg Constant Maturity Commodity Index CMCI family û which is being billed as a highly innovative concept in commodity index investment. This global index family will not only cover a broad range of commodities, but will also introduce a time dimension by providing access to a range of different investment maturities for each of these commodities. The index family will be published in US dollars and euros.
Since the early-90s, the primary avenue available for investing in commodities has been via traditional indices. These indices performed well for a period of time, but UBS says that over the last few years it has become...
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