S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, announced today the launch of the S&P GSCI Iron Ore and the S&P GSCI Industrial Metals & Iron Ore Equal Weight, an expansion of the single and sector commodity series offering of indices based on the S&P GSCI.
The new indices, which are the first of their kind in the market, will provide investors with reliable and publicly available investment performance benchmarks for either iron ore-only or as part of a selection of other industrial metals including aluminum, copper, lead, nickel, and zinc commodity markets.
The S&P GSCI Industrial Metals & Iron Ore Equal Weight is equally weighted on a quarterly basis.
“The S&P GSCI Iron Ore, based on the Singapore Exchange iron ore contract, is the only investable and liquid index in the market that offers global investors exposure to iron ore futures, the second most traded commodity after crude oil but up until now was previously limited to over-the-counter trading,” says Alka Banerjee, Managing Director and Global Head of Product Management at S&P Dow Jones Indices.
“These indices provide enhanced diversification within the framework of the base metals.”
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 and the Dow Jones Industrial Average.
