Dow Jones Indexes, a global index provider, has announced the Dow Jones-AIG Grains sub-Index has been licensed to Horizons BetaPro Funds to underlie two, leveraged commodity ETFs.
Dow Jones Indexes, a global index provider, has announced the Dow Jones-AIG Grains sub-Index has been licensed to Horizons BetaPro Funds to underlie two, leveraged commodity ETFs.
The Horizons BetaPro DJ-AIG Agricultural Grains Bull Plus ETF and Horizons BetaPro DJ-AIG Agricultural Bear Plus ETF both launched recently on the Toronto Stock Exchange.
This is the first time the Dow Jones-AIG Grains sub-Index will serve as the basis of Canadian ETFs. As of March 11, 2008, the one-year performance of the Dow Jones- AIG Grains Sub-Index is 62.50 per cent.
Says Michael Petronella, president of Dow Jones Indexes,
‘Commodities continue to be a popular choice among market participants seeking to gain exposure to alternative asset classes. Since the launch of the broadly diversified Dow Jones-AIG Commodity Index, we’ve expanded the line up to include single commodity and sector indices, which provide specific views of the commodity futures markets.
‘The Dow Jones-AIG Grains sub-Index is an ideal benchmark of the performance of the corn, soybeans and wheat futures markets.’
The Dow Jones-AIG Commodity Index is a diversified and highly liquid benchmark for the commodities markets. It is composed of futures contracts on 19 physical commodities and was introduced in 1998
As of the end of the fourth quarter of 2007, there is an estimated USD42bn tracking the DJ-AIGCI, out of a total of approximately USD155bn tracking commodities using long only index strategies. Index methodology and futures contracts used to calculate the index are published in the DJ-AIGCI Handbook which can be requested via www.djindexes.com.
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 indicess, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets.
Beyond equity indices, 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.
