NEW YORK , Feb. 28, 2014 /PRNewswire/ -- S&P Dow Jones Indices announced today the launch of forward 6- and 12-month versions of the S&P GSCI® and forward 3-, 6- and 12-month versions of the S&P GSCI Single Commodities index that apply Capped Component rules. Each of these indices is designed to measure commodity markets while seeking to reduce negative roll yield in times of contango. The 6- and 12-month forward versions of the S&P GSCI measure the S&P GSCI Spot, Excess Return, and Total Return indices based on the first nearby contract expiration included in the index moved 6- and 12-months forward from the present date. Each S&P GSCI Forward Single Capped Component index is designed to have a 32% weight in one commodity with the remaining 68% equally distributed amongst the other commodities.
"The S&P GSCI Forward Single Capped Component indices allow market participants to accentuate single commodities across various expirations while remaining well-diversified," says Jodie Gunzberg, Vice President at S&P Dow Jones Indices. "The addition of later dated contract indices to the existing S&P GSCI Single Capped Component and S&P GSCI Forward families improves the ability to convey views across the term structure."
The S&P GSCI is the first major investible commodity index. It includes 24 commodities that form 18 components, where three of the components (Petroleum, Wheat, and Cattle) include more than one commodity.
The S&P GSCI Single Commodities index apply Capped Component rules which are intended to mirror those found in Section XIII, 50 of the ESMA guidelines on UCITS issues from December 18, 2012.For more information, please visit www.spdji.com/index-family/commodities/sp-gsci . About S&P Dow Jones Indices S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average TM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com . Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
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