Bringing you live news and features since 2006 

Industrial metals lead S&P GSCI to first half increase of 6.55 per cent

RELATED TOPICS​

The S&P GSCI increased 6.55 per cent during the first half of 2009, led by a 29.9 per cent increase in the S&P GSCI Industrial Metals Index. 

The S&P GSCI increased 6.55 per cent during the first half of 2009, led by a 29.9 per cent increase in the S&P GSCI Industrial Metals Index. 

According to Standard & Poor’s Index Services, industrial metals were the strongest sector performer during the first six months of the year.

However, due to the greater weight of energy in the S&P GSCI (currently 71 per cent), the 8.05 per cent year-to-date increase in the S&P GSCI Energy Index was the largest contributor to the S&P GSCI’s first half returns.
 
‘The commodity market exhibited stabilization in the first half of 2009 following the near historic volatility in 2008. In addition, it seemed to be anticipating a potential recovery in the global economic situation,’ says Michael McGlone, director of commodity indexing at Standard & Poor’s.
 
According to McGlone, the emergence of economic ‘green shoots’ benefited the S&P GSCI in the first half of the year, but pressured agriculture prices.

In June, the S&P GSCI Agriculture Index was the worst performing sector, posting a 12.13 per cent decline and resulting in a year-to-date loss of 4.94 per cent.  Agriculture was the biggest first half sector drag on S&P GSCI returns.
 
The S&P GSCI is a benchmark for investment performance in the commodity markets.

Latest News

Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..
State Street Global Advisors, the asset management business of State Street Corporation, has published the results of its Gold ETF..
HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has reached USD108.18 million AUM for the first time since..

Related Articles

Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Arne Noack, DWS
July saw the launch of DWS Group’s Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ: UPGR) designed to offer both...
Alex Morris, F/m Investments
F/m Investments LLC, a wholly owned subsidiary of Diffractive Managers Group, LLC, has taken quite another route with its exemptive...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by