Description

The investment vehicle's main goal is to precisely track the total return performance of the UBS BCOM Constant Maturity Commodity Index, which itself is hedged to the Euro. This is achieved through a synthetic replication strategy, primarily involving an investment in a swap. To enhance security against potential counterparty risk from this swap, UBS targets to maintain collateral equivalent to 105% of the fund's exposure. The fund adheres to a passive management approach.