Sign up for free newsletter

 

Standard & Poor’s has launched an extended family of sub-indices based on the S&P World Commodity Index.

The S&P WCI family of indices now includes the single commodity indices and sector indices, as well as regional indices in Asia and Europe.

Launched in May 2010, the S&P WCI is the first index to consist solely of listed commodity futures contracts that trade outside of the US.

“The launch of the S&P WCI is the result of Standard & Poor’s meeting the market’s needs for an international commodity index that would complement the US focused S&P GSCI, providing all-world commodity exposure,” says Michael McGlone, director of commodity indexing at S&P Indices. “The S&P WCI family now includes all the mono and sector indices but notably, the regionally traded commodities in separate S&P WCI Asia and S&P WCI Europe indices.”

The S&P WCI is a rules-based, world-production-weighted commodity index. It includes 22 commodities covering the agriculture, energy, precious metals and industrial metals sectors, listed on eight international exchanges and traded in six currencies in Asia, Europe, and North America.  While the S&P GSCI is comprised of only US dollar based commodities, the S&P WCI is multi-currency.

To preserve the tradability of the index, the S&P WCI limits eligible commodity contracts to those that are the subject of active, liquid futures markets. Also, to replicate actual commodity market performance, the S&P WCI includes a “rolling” procedure designed to replicate the rolling of actual positions in the designated contracts. 
 


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Vice President Technology Investment Banking

Wed, 27 May 2015 00:00:00 GMT

Investment Banking Associate (Consumer) - LA

Wed, 27 May 2015 00:00:00 GMT

Healthcare Associate IBD - Top Investment Bank

Wed, 27 May 2015 00:00:00 GMT

events
4 days 6 hours from now - Dubai
5 days 6 hours from now - Chicago
5 days 6 hours from now - Boston
specialreports