UBS ETRACS CMCI Food Total Return ETN (FUD)
UBS ETRACS CMCI Food Total Return ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $17.38, up 1.16% on the session, giving a market capitalisation of $6.5M. Its beta of 0.34 implies it has historically moved less than the broad market.
The fund's objective is to replicate the price movements and overall returns, prior to any charges, of the UBS Bloomberg CMCI Food Total Return index. It is engineered to capture the full spectrum of liquid forward pricing for every commodity within that index. The underlying index calculates the collateralized gains generated by a diverse collection of agricultural and livestock futures agreements. This selection specifically incorporates eleven agricultural and two livestock futures contracts, all part of the CMCI framework, with each individual commodity having three distinct maturity profiles.
UBS ETRACS CMCI Food Total Return ETN is most often compared with the following Financial Services names: