NEW YORK, Oct. 29, 2010 (GLOBE NEWSWIRE) -- 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.
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 . 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:
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.
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"Dow Jones®", "Dow Jones Indexes", "Dow Jones-UBS Commodity Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones-UBS Commodity Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a commodity in any of the Dow Jones-UBS Commodity Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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