March 12, 2014
/PRNewswire/ -- S&P Dow Jones Indices announced today the launch of S&P GSCI Ex-Single Capped Component, a family of indices based on the S&P GSCI® Single Commodities that apply Capped Component rules.
For every S&P GSCI Ex-Single Capped Component index, each namesake commodity is allocated a weight of 0% with the remaining 100% equally distributed among the eligible S&P GSCI commodities. Currently, the S&P GSCI includes 24 commodities that form 18 components, where three of the components (Petroleum, Wheat, and Cattle), include more than one commodity.
"These indices enable investors to create alpha strategies within the framework of the diversification rules set forth by ESMA," says
, Global Head of Commodities at S&P Dow Jones Indices. "Supply shocks are more prevalent now than they have been in many years, and correlation has returned to low pre-crisis levels. As a result, there are more opportunities for investors to express views on this market environment."
The S&P GSCI is the first major investible commodity index. 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
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