| UBS, the Swiss-based bank known for its private-banking arm, added to its family of exchange-traded notes today with the launch of a broad commodities-focused ETN that provides blended exposure to a total of 28 commodities and that’s designed to control the deleterious effects of contango.
The ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures ETN (NYSEArca: BLND) comes with an annual expense ratio of 0.70 percent, and is so named because it is an equal weighted portfolio among three Dow Jones-UBS indexes that cherry pick different parts of the futures curve...............................................Full Article: Source
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