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DJ-AIG Commodities Index Changing Weightings

Source: http://www.indexuniverse.com/sections/newsinfocus/5192-dj-aig-commodities-index-changes-weightings.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rss
Posted on Tuesday, January 6th, 2009 | In Exchange Traded Funds
Contributed by: IndexUniverse Staff (http://indexuniverse.com) -

While most weightings in the index will slip from last year’s rebalancing, some key commodities will get a bump. 

 

The Dow Jones – AIG Commodity Index, which serves as the underlying benchmark for several popular index mutual funds and exchange-traded funds, is going through its annual rebalancing.

While gasoline and natural gas will slip some from last year’s weightings, crude oil’s ranks will gain. So will wheat, copper and nickel, to name a few. 

Target weights for constituents to be implemented this month, spread over a five-day period ending at the close of business on Jan. 15, will be (compared to 2008 weightings):

  • Natural Gas: 11.89% (12.24%)
  • Crude Oil: 13.75% (13.16%)
  • Gasoline: 3.71% (3.78%)
  • Heating Oil: 3.65% (3.82%)
  • Live Cattle: 4.29% (4.89%)
  • Lean Hogs: 2.39% (2.55%)
  • Wheat: 4.79% (4.70%)
  • Corn: 5.72% (5.66%)
  • Soybeans: 7.59% (7.62%)
  • Soybean Oil: 2.88% (2.81%)
  • Aluminum: 6.99% (7.11%)
  • Copper: 7.30% (7.04%)
  • Zinc: 3.14% (3.03%)
  • Nickel: 2.88% (2.79%)
  • Gold: 7.86% (7.40%)
  • Silver: 2.89% (2.72%)
  • Sugar: 2.99% (3.19%)
  • Cotton: 2.26% (2.48%)
  • Coffee: 2.97% (3.00%)

 

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About IndexUniverse Staff (http://indexuniverse.com)
IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective.

The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets.

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