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CMCI Index

The Basics
UBS Bloomberg
CMCI Index

UBS Bloomberg Constant Maturity Commodity INDEX (CMCI)

The UBS Bloomberg CMCI Index family was developed to track real performance of commodity prices and is the first to use up to five constant maturities as well as maintaining broad based diversification across 27 commodity futures contracts.

UBS Bloomberg CMCI Composite TR Index Comparison

CMCI-chart

The CMCI family covers 27 commodity futures contracts representing the energy, precious metals, industrial metals, agricultural and livestock sectors. A balanced weighting of all available maturities (from 3 months up to 3 years) for each commodity provides time diversification which traditional indices neglect.

The weights of individual commodities are determined by a blending of fundamental and liquidity weights; fundamental weights are derived from a combination of primary economic indicators such as CPI, PPI, and GDP, as well as commodity-level consumption data, and liquidity weights are obtained from a combination of open interest and volume data.

Current Bloomberg users can run CMCX <GO> on the Bloomberg Professional service to view the UBS Bloomberg CMCI Indices.