S&P GSCI Dynamic Roll Index Named Innovation of the Year

PHOENIX, Dec. 6, 2011 /PRNewswire/ -- The S&P GSCI Dynamic Roll Index, developed and launched this year by S&P Indices, was named Index Innovation of the Year at the William F. Sharpe Indexing Achievement Awards at the annual IMN's Super Bowl of Indexing conference in Phoenix, Arizona yesterday.

The S&P GSCI Dynamic Roll Index is an enhanced version of the S&P GSCI. The Index is designed for investors seeking long-only exposure to the commodities market, but with the desire to reduce the potential negative impact of contango on roll returns. When the futures curve for a given commodity is in a general state of contango, the S&P GSCI Dynamic Roll rules-based methodology uses futures contracts months that are further out on the futures curve, with the intention of minimizing the effects of negative roll yields. When the futures curve for a given commodity is in a general state of backwardation, by the nature of the S&P GSCI Dynamic Roll methodology, the Index will utilize nearby futures contracts.

"This award recognition is a symbol of S&P Indices' long history of developing market leading, innovative index solutions," says Alex Matturri, Executive Managing Director at S&P Indices. "Our indices are designed not only to measure markets, but to transform them."

For more information on the S&P GSCI Dynamic Roll Index, please visit: www.standardandpoors.com/indices.

About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. Standard & Poor's receives compensation in connection with licensing its indices to third parties.

SOURCE Standard & Poor's

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