UBS ETRACS CMCI Gold Total Return ETN (UBG)
UBS ETRACS CMCI Gold Total Return ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $47.29, up 5.24% on the session, giving a market capitalisation of $2.8M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle's primary goal is to mirror the price and total return performance, prior to the assessment of fees and expenses, of the UBS Bloomberg CMCI Gold Total Return index. It is engineered to capture the full range of liquid gold futures contracts as they appear along their forward curve. The index, which this product tracks, calculates the collateralized returns derived from a diversified basket of gold futures. These specific gold futures contracts are drawn from the wider CMCI and are selected to cover five different maturity points.
UBS ETRACS CMCI Gold Total Return ETN is most often compared with the following Financial Services names: