Van Eck Global has unveiled a new index-based, open-end fund. The Van Eck CM Commodity Index Fund will seek to reduce the impact of contango that can considerably reduce the performance of commodity investments over time.
The passively managed vehicle will track the performance of UBS Bloomberg Constant Maturity Commodity Total Return Index. The new offering will complement Van Eck’s existing actively managed commodity funds, such as the Van Eck Global Hard Assets Fund and the Van Eck International Investors Gold Fund.
Click here for the release from Business Wire.