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Dow Jones Indexes, a leading global index provider, and UBS Investment Bank announced the new target weightings for the Dow Jones-UBS Commodity IndexSM that will become effective in early January 2011. The new target weights for the commodity components, which were determined and approved by the Dow Jones-UBS Commodity Index Supervisory Committee following consultation with the Dow Jones-UBS Commodity Index Advisory Committee, are listed below.
|
Natural
Gas |
11.2189620% |
|
Crude
Oil |
14.7092970% |
|
Unleaded
Gasoline |
3.4966710% |
|
Heating
Oil |
3.5750700% |
|
Live
Cattle |
3.3591330% |
|
Lean
Hogs |
2.0000000% |
|
Wheat |
4.6052380% |
|
Corn |
6.9785370% |
|
Soybeans |
7.8568150% |
|
Soybean
Oil |
2.9372440% |
|
Aluminum |
5.2032850% |
|
Copper |
7.5390900% |
|
Zinc |
2.8493550% |
|
Nickel |
2.2508150% |
|
Lead |
0.0000000% |
|
Tin |
0.0000000% |
|
Gold |
10.4490670% |
|
Silver |
3.2896330% |
|
Platinum |
0.0000000% |
|
Sugar |
3.3260140% |
|
Cotton |
2.0000000% |
|
Coffee |
2.3557730% |
|
|
0.0000000% |
The target weights are determined in accordance with construction rules described in the Dow Jones-UBS Commodity Index Handbook, which is available for download at www.djindexes.com. These rules generally combine liquidity and production data in a 2:1 ratio, subject to further requirements as to diversification and minimum weightings. The resulting weights will be used to determine the Dow Jones-UBS Commodity Index Multipliers for 2011. These multipliers, computed once a year in January are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the Index.
For comparison the target weights for 2010 were as follows:
|
Natural
Gas |
11.5521870% |
|
Crude
Oil |
14.3379660% |
|
Unleaded
Gasoline |
3.5274400% |
|
Heating
Oil |
3.5824070% |
|
Live
Cattle |
3.5537300% |
|
Lean
Hogs |
2.1027200% |
|
Wheat |
4.7046020% |
|
Corn |
7.0924320% |
|
Soybeans |
7.9124970% |
|
Soybean
Oil |
2.9955620% |
|
Aluminum |
5.7492810% |
|
Copper |
7.6413770% |
|
Zinc |
3.0199730% |
|
Nickel |
2.3668280% |
|
Lead |
0.0000000% |
|
Tin |
0.0000000% |
|
Gold |
9.1165550% |
|
Silver |
3.2869700% |
|
Platinum |
0.0000000% |
|
Sugar |
2.8928600% |
|
Cotton |
2.0000000% |
|
Coffee |
2.5646150% |
|
|
0.0000000% |
Launched in 1998, the Dow Jones-UBS Commodity index family includes nine sector sub-indexes, multiple forward month indexes, indexes for each individual commodity in the original DJ-UBSCI, Euro-, Yen-, Sterling-, and Swiss Franc-denominated versions of the Dow Jones-UBS Commodity Index, and the Dow Jones-UBS Commodity Spot Index. Also available are total return versions of each of the excess return indexes and sub-indexes. As of the end of the second quarter of 2010, an estimated $59.2 billion tracked the DJ-UBSCI group of indexes.
