UBS ETRACS CMCI Gold Total Return ETN
UBG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 1, 2009
- Similar Companies
- Business
- UBS ETRACS CMCI Gold Total Return ETN (UBG) is an exchange-traded note issued by UBS AG (Jersey Branch) that seeks to track the price and performance yield, before fees and expenses, of the UBS Bloomberg CMCI Gold Total Return Index. The index measures the collateralized returns from a basket of gold futures contracts included in the UBS Bloomberg Constant Maturity Commodity Index (CMCI) with five target maturities, providing exposure to the entire liquid forward curve of gold contracts; it offers investors leveraged access to gold commodity markets without direct ownership of physical gold or futures. Launched on April 1, 2008, and domiciled in the United Kingdom, the ETN has a scheduled maturity date of April 5, 2038, and trades on U.S. exchanges such as NYSE Arca. The ETN targets institutional and retail investors seeking commodity exposure, particularly in precious metals, as part of diversified portfolios hedging against inflation or equity volatility; it operates globally through U.S.-listed trading with underlying exposure to international gold futures markets. UBS AG, headquartered in Zurich, Switzerland, serves as the issuer and parent entity, with the Jersey Branch handling issuance; no major subsidiaries are directly tied to this specific ETN. In recent years, UBS has undergone significant restructuring in its ETRACS ETN portfolio, including the 2023 assumption and rebranding of certain Credit Suisse ETNs as ETRACS products following the UBS-Credit Suisse merger, enhancing its commodity-linked offerings. The issuer announced multiple ETN redemptions and exchange offers in 2020-2025, such as mandatory redemptions for underperforming series and coupon declarations on active ETRACS notes, though UBG remained listed without specific call or acceleration notices as of late 2025; ongoing coupon payments continue for qualifying ETRACS ETNs, reflecting operational stability amid portfolio optimization. No new product launches, partnerships, or funding rounds specific to UBG were reported in the last 1-2 years, with focus on broader ETRACS maintenance and gold market performance amid 2025's strong commodity trends.