S&P Dow Jones Indices: Dow Jones-UBS Commodity Index Market Attributes - Commodities November 2013

Key Highlights

• The DJ-UBS Commodity Index was down 80 bps for the month, yielding a YTD loss of 10.6%.
• The DJ-UBS Precious Metals was the worst performing sector in the index, down 6.4%, while energy was the best performing sector, up 2.3% MTD.
• Demand for physical gold is waning as it loses its safe-haven status.

Market Snapshot

The DJ-UBS Commodity Index fell 80 basis points MTD, driving YTD returns to -10.6%.

Concerns over the tapering continued in November and was boosted by positive housing and economic data that pushed down on precious and industrial metals. Commodities also lagged due to the rally in equities.

U.S. manufacturing conditions improved in November, with the Institute for Supply Management’s manufacturing index climbing to 57.3% from 56.4% in October to the highest level since April 2011.

China’s manufacturing growth was better than expected in November, indicating the country’s economicrecovery is maintaining momentum due to the government efforts to rein in credit growth.

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