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Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones – AIG Platinum Sub-IndexSM, the Dow Jones – AIG Lead Sub-IndexSM and the Dow Jones – AIG Tin Sub-IndexSM. Dow Jones Indexes jointly markets the Dow Jones – AIG Commodity IndexesSM (DJ-AIGCISM) with AIG Financial Products Corp. (AIG-FP), a leader in financial derivatives products and a wholly-owned subsidiary of American International Group, Inc. (AIG).
The new single commodity sub-indexes have been licensed to ETF Securities Limited, a London-based provider of exchange-traded commodities (ETCs). The already existing Dow Jones – AIG Cocoa Sub-IndexSM has also been licensed to ETF Securities. The four new ETCs will be listed today on the London Stock Exchange.
The new Dow Jones – AIG Single Commodity Sub-Indexes are constructed according to the rules of the DJ-AIG Commodity Index and are added to the already existing 20 Dow Jones – AIG Single Commodity Sub-Indexes for aluminum, coffee, copper, corn, cotton, crude oil, gold, heating oil, lean hogs, live cattle, natural gas, nickel, silver, soybeans, soybean oil, sugar, unleaded gasoline, wheat, zinc and cocoa.
While platinum, lead and tin are eligible for the Dow Jones – AIG Commodity Index, they currently are not included in the index, since they do not surpass the minimum weight (a combination of futures-trading volume and global production) required for inclusion. Excess and total return versions for all 23 single commodity sub-indexes are available.
The Dow Jones – AIG Commodity Index is a diversified and highly liquid benchmark for the commodities markets. It is composed of futures contracts on 19 physical commodities and was introduced in 1998. The DJ-AIG Commodity Index and related sub-indexes are calculated daily by Dow Jones Indexes and AIG Financial Products Corp.
As of the end of the fourth quarter of 2007, there is an estimated $42 billion invested in financial products tracking the DJ-AIGCI, out of a total of approximately $155 billion tracking commodities using long only index strategies. Index methodology and futures contracts used to calculate the index are published in the DJ-AIGCI Handbook. The handbook can be requested via www.djindexes.com or www.aigfp.com.
As of March 12, 2008, the one-year performance for the Dow Jones – AIG Platinum Sub-IndexSM is 66.20%, 67.93% for the Dow Jones – AIG Lead Sub-IndexSM, 39.99% for the Dow Jones – AIG Tin Sub-IndexSM, and 43.46% for the Dow Jones – AIG Cocoa Sub-IndexSM.1
Further information on the Dow Jones – AIG Commodity Indexes is available at www.djindexes.com .
1The new Dow Jones-AIG Single Commodity Sub-Indexes for platinum, lead and tin were first published on March 13, 2008. All estimated daily historical closing prices prior to that date are based on back-testing, i.e. calculations of how the index might have performed in the past if it had existed. Back-tested performance information is purely hypothetical and is solely for informational purposes. It does not represent actual performance, and past performance is not indicative of future results.
