S&P Dow Jones Indices Expands Commodity Index Family with Forward Versions of S&P GSCI and S&P GSCI Single Capped Commodities

Feb 28, 2014, 09:30 ET from S&P Dow Jones Indices

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.

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