Forward and Currency Versions of Dow Jones Commodity Index Launched by S&P Dow Jones Indices
NEW YORK, Sept. 11, 2014 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), one of the world's largest providers of financial market indices, today announced the launch of forward and currency versions of the Dow Jones Commodity Index (DJCI).
The forward indices measure the index components based on First Nearby Contract Expirations that would be included in the Index on the specified forward dates. The currency indices are offered for eight currencies: Australian dollars, British pounds, Canadian dollars, euros, Japanese yen, Singapore dollars, Swiss francs, and U.S. dollars, with hedged and unhedged versions for each currency. Unhedged versions of the Index represent the value of the index translated into the specific currency. The currency hedged versions measure the performance of the index components based on the specific non-U.S. dollar currency, but with minimal exchange rate risk.
"Forward and currency versions of the DJCI family allow market participants the opportunity to specialize their investment strategies based on a specific currency or position on the forward curve," says Jodie Gunzberg, Global Head of Commodities at S&P Dow Jones Indices. "We are committed to expanding the DJCI family to meet the market's need for a highly liquid, transparent and diversified commodity index family."
For more information about S&P Dow Jones Indices, please visit: www.spdji.com
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices
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