S&P Dow Jones Indices (S&P DJI), has launched two new indices – S&P GSCI Gold Inverse and S&P GSCI Silver Inverse – designed to provide the inverse returns of the S&P GSCI Gold and the S&P GSCI Silver indices respectively, which represent a short position in their respective underlying indices.
The S&P GSCI is the first major investible commodity index. It includes 24 commodity futures on physical commodities across five sectors: energy, agriculture, livestock, industrial metals and precious metals.
“After the record drop in precious metals in 2013 which has yet to see a rebound, many investors are looking for ways to express their views in falling markets,” says Jodie Gunzberg, Global Head of Commodities, S&P Dow Jones Indices. “We are therefore excited to offer the inverse versions of the S&P GSCI Gold and S&P GSCI Silver, which may help investors measure returns that are short in the declining gold and silver markets.”
The S&P GSCI Gold and S&P GSCI Silver are the two single metal sub-indices of the S&P GSCI Precious Metals, a sector index of the S&P GSCI and are publicly available benchmarks that track the COMEX gold and silver futures.
