UBS ETRACS CMCI Indl Mtls Tot Ret ETN
UBM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Apr 4, 2008
- Website
- ubs.com
- Similar Companies
- Business
- UBS ETRACS CMCI Industrial Metals Total Return ETN (UBM) is an exchange-traded note issued by UBS AG that seeks to track the total return performance, before fees and expenses, of the UBS Bloomberg CMCI Industrial Metals Total Return Index. The underlying index measures the collateralized returns of a diversified basket of futures contracts on industrial metals, including copper, aluminum, zinc, nickel, and lead, with constant maturities ranging from three months to three years to provide broad exposure to the sector. UBM offers investors senior, unsecured, unsubordinated debt obligations with an annual investor fee of 0.55%, traded on NYSE Arca, and features a long-only strategy focused on commodities without leverage. The ETN provides targeted access to the industrial metals commodity sector; it does not hold physical metals or equities but replicates index performance through futures contracts diversified across maturities and commodities. Headquartered in Zurich, Switzerland, UBS AG, founded in 1862 through mergers including the 1998 union of Union Bank of Switzerland and Swiss Bank Corporation, operates globally with primary activities in investment banking, wealth management, and asset management, issuing ETRACS ETNs as part of its structured products offerings. In June 2018, UBS AG exercised its call right and announced the redemption of UBM along with related ETNs such as UBN and UBC, with settlement occurring shortly thereafter, leading to the delisting and cessation of trading for the product. No new issuances or relaunches of UBM have occurred since the redemption, and current platforms list it as defunct or with zero value, reflecting its inactive status. UBS continues to actively manage its ETRACS ETN portfolio, with recent redemptions of other series in 2023, 2024, and 2025, alongside assumptions and rebrandings of Credit Suisse ETNs post-merger.