Relevance of strategy
This ETF represents passive exposure to broad commodity futures through synthetic contracts.
Liquidity
The ETF is listed on multiple Europe exchanges in various currencies.
iShares is the market leader in the ETFs and passive index funds space, managing over US$5tn of AUM through more than 1600 ETFs offered globally. iShares is a subsidiary of BlackRock, the largest asset manager globally.
The iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF is a passive index solution that tracks the Bloomberg Enhanced Roll Yield Total Return Index using a synthetic swap approach. The index is designed to be a liquid and diversified benchmark that provides broad-based long exposure to commodities using risk-premia strategies through synthetic positions in futures contracts with no single commodity or sector controlling the index. The index is composed of 3-4 future contracts for each of the 26 commodities, and rolls as well as rebalances each month to a new set of futures contracts and equal price-percentage weightings, respectively. Commodity sector target weights are around 31% Energy, 27% Agriculture, 19% Precious Metals, 16% Industrial Metals, and 7% Livestock.