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Dow Jones Announces Commodity Index-Based ETF
The Dow Jones – AIG Commodity Index is a diversified and highly liquid benchmark for the commodities markets, and is composed of futures contracts on physical commodities, according to the announcement. The 19 commodities currently in the Dow Jones – AIG Commodity Index are: aluminum, cattle, coffee, copper, corn, cotton, crude oil, gold, heating oil, hogs, natural gas, nickel, silver, soybeans, soybean oil, sugar, unleaded gas, wheat, and zinc.
The index is designed to minimize concentration in any one commodity or sector. No single commodity can comprise less than 2% or more than 15% of the index, and no sector can represent more than 33% of the index as of the annual re-weightings of the index.
The new ETF was launched on Tuesday on the XTF segment of Deutsche Boerse.
Further information on the Dow Jones – AIG Commodity Index can be found at http://www.djindexes.com.
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