Bloomberg Commodity Index 2023 Target Weights Announced

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- Bloomberg announced today the 2023 target weights and composition for the Bloomberg Commodity Index ("BCOM"). Launched in 1998, and with historical information available back to 1960, BCOM is a widely tracked benchmark for the commodities market with an estimated AUM of over $110B.

As a result of this year's annual reconstitution, a new commodity futures contract will be added to BCOM in 2023. Lead (Bloomberg Terminal Ticker: LL) will become the 24th exchange-traded contract tied to a physical commodity added to the benchmark. Transition toward the 2023 target weights will take place during the January 2023 index roll period.

Energy will retain the highest BCOM commodity group weight in 2023 increasing slightly to 29.95%, with the Natural Gas weight (7.94%) becoming the largest in the group. Industrial Metals will see the largest weight increase, namely .46%, following the inclusion of Lead (.94%). Precious metals will experience the first weight drop since 2016, with decreases in both Gold and Silver. Overall, BCOM will see weight increases in Energy, Grains, and Industrial Metals, and decreases with Softs, Precious Metals, and Livestock.

Target weights of all BCOM components for 2023, as well as their comparative weights in 2022, are listed below:

Target weights are determined in accordance with the rules described in the BCOM methodology. The index rules account for liquidity and production data in a 2:1 ratio and are subject to the following requirements for diversification and minimum weights:

• No group may see its weight exceed 33%
• No single commodity, together with its derivatives, may see its weight exceed 25%
• No single commodity may see its weight exceed 15%

For additional information and licensing opportunities, please contact [email protected] or visit bloombergindices.com.

Bloomberg terminal users can visit IN <GO> on the Bloomberg Terminal for index performance and analytics.

About Bloomberg Index Services Limited 
Bloomberg's index team has a proven track record in creating industry leading and bespoke indices across asset classes, including best in class fixed income and commodity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving needs. As an integral part of Bloomberg, BISL has access to a comprehensive range of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers' products.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

"Bloomberg®", "The Bloomberg Commodity Index" and "BCOM" are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg"). Bloomberg and/or Bloomberg's licensors own all proprietary rights in the Indices. Bloomberg does not guarantee the timeliness, accuracy or completeness of any data or information relating to the Indices. Bloomberg makes no warranty, express or implied, as to the Indices or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. It is not possible to invest directly in an Index. Backtested performance is not actual performance. Past performance is not an indication of future results. To the maximum extent allowed by law, Bloomberg, its licensors, and its and their respective employees, contractors, agents, suppliers and vendors shall have no liability or responsibility whatsoever for any injury or damages - whether direct, indirect, consequential, incidental, punitive or otherwise - arising in connection with the Indices or any data or values relating thereto - whether arising from their negligence or otherwise. This document constitutes the provision of factual information, rather than financial product advice. Nothing in the Indices shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations (i.e., recommendations as to whether or not to "buy", "sell", "hold", or to enter or not to enter into any other transaction involving any specific interest or interests) by Bloomberg or a recommendation as to an investment or other strategy by Bloomberg. Data and other information available via the Indices should not be considered as information sufficient upon which to base an investment decision. All information provided by the Indices is impersonal and not tailored to the needs of any person, entity or group of persons. Bloomberg does not express an opinion on the future or expected value of any security or other interest and do not explicitly or implicitly recommend or suggest an investment strategy of any kind. Customers should consider obtaining independent advice before making any financial decisions.

© 2022 Bloomberg. All rights reserved. This document and its contents may not be forwarded or redistributed without the prior consent of Bloomberg.

The BLOOMBERG TERMINAL service and Bloomberg data products (the "Services") are owned and distributed by Bloomberg Finance L.P. ("BFLP") except (i) in Argentina, Australia and certain jurisdictions in the Pacific islands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries distribute these products, and (ii) in Singapore and the jurisdictions serviced by Bloomberg's Singapore office, where a subsidiary of BFLP distributes these products.

SOURCE Bloomberg

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED