The UBS Innovative Balanced Index (the “Index”, “UBS-IBAL Index” or “UBSIBAL”) is a rules-based index that leverages unique signals which aim to provide an early read into the US macro environment and inform an all-weather tactical allocation to equities, commodities and bonds.

The signals include US inflation expectations and a Nowcast of US economic growth, generated using key datasets from UBS Evidence Lab, the largest sell-side alternative data offering of its kind.

In addition, each one of the three asset sleeves is designed to produce less correlated returns while using simple components such as US equity sector indices, commodity futures and 10Y US Treasury futures.

The Index targets a volatility of 7% with the goal of providing smooth and stable returns over the long run.

https://www.ubs.com/global/en/investment-bank/innovative-balanced-index/index-overview.html