The Dow Jones-AIG Commodity Index was up 8.02% for the month of February. The Dow Jones-AIG Single Commodity Indexes for Soybean Oil, Coffee and Copper had the strongest gains with month-to-date returns of 15.80%, 15.50%, and 15.08%, respectively. The three most significant downside performing single commodity indexes were Lean Hogs, Zinc and Live Cattle, which were down 4.44%, 0.68%, and 0.32% respectively, in February.
Year to date, the Dow Jones-AIG Commodity Index is up 12.30% with the Dow Jones-AIG Sugar Sub-Index posting the highest gain of 26.91% so far in 2008. Dow Jones-AIG Live Cattle Sub-Index has the most significant downside YTD performance, down 5.64%.
Index Name |
Index Close 12/31/2007 |
Index Close 01/31/2008 |
Index Close 02/22/2008 |
Month-to-Date Percent Change |
Year-to-Date Percent Change |
Dow Jones-AIG Commodity Index |
184.96 |
192.29 |
207.72 |
8.02% |
12.30% |
Dow Jones-AIG Energy Sub-Index |
266.67 |
264.09 |
289.02 |
9.44% |
8.38% |
Dow
Jones-AIG Crude Oil Sub-Index |
541.95 |
519.15 |
557.22 |
7.33% |
2.82% |
Dow
Jones-AIG Natural Gas Sub-Index |
17.59 |
18.88 |
21.29 |
12.74% |
21.03% |
Dow
Jones-AIG Heating Oil Sub-Index |
297.94 |
285.76 |
310.85 |
8.78% |
4.33% |
Dow
Jones-AIG Unleaded Gas Sub-Index |
481.37 |
450.13 |
478.02 |
6.20% |
-0.70% |
Dow Jones-AIG Petroleum Sub-Index |
478.72 |
456.60 |
490.33 |
7.39% |
2.42% |
Dow Jones-AIG Livestock Sub-Index |
57.52 |
56.01 |
54.94 |
-1.90% |
-4.47% |
Dow
Jones-AIG Lean Hogs Sub-Index |
20.50 |
20.93 |
20.00 |
-4.44% |
-2.43% |
Dow
Jones-AIG Live Cattle Sub-Index |
97.96 |
92.73 |
92.43 |
-0.32% |
-5.64% |
Dow Jones-AIG ExEnergy Sub-Index |
119.43 |
127.27 |
136.65 |
7.37% |
14.42% |
Dow Jones-AIG Grains Sub-Index |
69.74 |
74.12 |
80.75 |
8.95% |
15.79% |
Dow
Jones-AIG Corn Sub-Index |
20.90 |
23.00 |
23.92 |
4.03% |
14.48% |
Dow
Jones-AIG Soybean Sub-Index |
167.98 |
176.32 |
196.20 |
11.27% |
16.80% |
Dow
Jones-AIG Wheat Sub-Index |
46.38 |
48.71 |
54.28 |
11.44% |
17.04% |
Dow Jones-AIG Industrial Metals Sub-Index |
190.19 |
207.31 |
224.61 |
8.34% |
18.09% |
Dow
Jones-AIG Aluminum Sub-Index |
68.99 |
77.38 |
82.93 |
7.17% |
20.20% |
Dow
Jones-AIG Copper Sub-Index |
348.78 |
378.25 |
435.30 |
15.08% |
24.81% |
Dow
Jones-AIG Nickel Sub-Index |
315.05 |
327.15 |
338.59 |
3.49% |
7.47% |
Dow
Jones-AIG Zinc Sub-Index |
102.53 |
108.56 |
107.82 |
-0.68% |
5.16% |
Dow Jones-AIG Precious Metals Sub-Index |
131.91 |
146.29 |
151.04 |
3.25% |
14.50% |
Dow
Jones-AIG Gold Sub-Index |
113.05 |
124.25 |
126.90 |
2.13% |
12.25% |
Dow
Jones-AIG Silver Sub-Index |
175.26 |
199.63 |
211.95 |
6.17% |
20.94% |
Dow Jones-AIG Softs Sub-Index |
60.43 |
63.63 |
71.31 |
12.07% |
18.01% |
Dow
Jones-AIG Coffee Sub-Index |
31.80 |
32.26 |
37.26 |
15.50% |
17.15% |
Dow
Jones-AIG Cotton Sub-Index |
23.92 |
23.84 |
25.99 |
8.99% |
8.64% |
Dow
Jones-AIG Sugar Sub-Index |
145.16 |
165.82 |
184.23 |
11.10% |
26.91% |
Dow Jones-AIG Agriculture Sub-Index |
81.00 |
86.13 |
95.21 |
10.53% |
17.54% |
Dow
Jones-AIG Soybean Oil Sub-Index |
98.04 |
106.12 |
122.89 |
15.80% |
25.34% |
The Dow Jones-AIG Commodity Index is composed of 19 futures contracts on physical commodities and was introduced in 1999. The DJ-AIGCI family of indexes includes nine sector sub-indexes, multiple forward month indexes, sub-indexes for each individual commodity in the original DJ-AIGCI, Euro-, Yen-, Swiss Franc-, and British Pound-denominated versions of the Dow Jones-AIG Commodity Index, and the Dow Jones-AIG Commodity Spot IndexSM. Also available are total return versions of each of the excess return indexes and sub-indexes. As of the end of the fourth quarter of 2007, we estimate there is $42 billion tracking the DJ-AIGCI, out of a total of approximately $145 billion tracking commodities using long only index strategies.