NEW YORK, Oct. 30, 2009 (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 Index(SM) that will become effective in early January 2010. 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.
Natural Gas 11.552187%
Crude Oil 14.337966%
Unleaded Gasoline 3.527440%
Heating Oil 3.582407%
Live Cattle 3.553730%
Lean Hogs 2.102720%
Wheat 4.704602%
Corn 7.092432%
Soybeans 7.912497%
Soybean Oil 2.995562%
Aluminum 5.749281%
Copper 7.641377%
Zinc 3.019973%
Nickel 2.366828%
Lead 0.000000%
Tin 0.000000%
Gold 9.116555%
Silver 3.286970%
Platinum 0.000000%
Sugar 2.892860%
Cotton 2.000000%
Coffee 2.564615%
Cocoa 0.000000%
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 www.djindexes.com. These rules 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 2010 in January 2010. These multipliers, computed once a year, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the Index.
For comparison the target weights for 2009 were as follows:
Natural Gas 11.890064%
Crude Oil 13.752633%
Unleaded Gas 3.709128%
Heating Oil 3.648174%
Live Cattle 4.285345%
Lean Hogs 2.398878%
Wheat 4.796212%
Corn 5.721409%
Soybeans 7.599433%
Soybean Oil 2.882869%
Aluminum 6.999166%
Copper 7.306541%
Zinc 3.142431%
Nickel 2.882723%
Gold 7.862747%
Silver 2.891302%
Sugar 2.993155%
Cotton 2.265150%
Coffee 2.972640%
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 first quarter of 2009, an estimated $27.5 billion tracked the DJ-UBSCI group of indexes.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
About UBS
Headquartered in Zurich and Basel, Switzerland, UBS is a global firm providing services to private, corporate and institutional clients. Its strategy is to focus on international wealth management and the Swiss banking business alongside its global expertise in investment banking and asset management. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 38% of its employees working in the Americas, 34% in Switzerland, 15% in the rest of Europe and 13% in Asia Pacific. UBS employs more than 70,000 people around the world. Its shares are listed on the SIX Swiss Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
CONTACT: Dow Jones Indexes/STOXX press offices:
New York:
+1-212-597-5720
Frankfurt:
+49-69-29725-290
Hong Kong:
+852-800-969-336
Singapore:
+65-6-4154-299
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