Together with Bloomberg, UBS has created a highly innovative concept for commodity investors: the UBS Bloomberg CMCI (Constant Maturity Commodity Index). This global index not only covers a broad range of commodities, but also introduces a time dimension to commodity investment. With a series of investment maturities for each individual commodity and a revolutionary new calculation methodology, the CMCI opens up a new era for commodity investors.
CMCI and the Curve
In the article below, we examine the outperformance of CMCI under different curve conditions and understand the impact of roll yield and curve shapes on commodity investments.