Dow Jones Indexes, a leading global index provider, announced new target weightings for commodity futures in the Dow Jones-AIG Commodity IndexSM that will become effective in early January 2006. The new target weights, which were determined, approved and previously announced by the Dow Jones-AIG Commodity Index Oversight Committee in August 2005, are listed below.
Natural Gas | 12.315174% |
Crude Oil | 12.783801% |
Unleaded Gas | 4.054908% |
Heating Oil | 3.846118% |
Live Cattle | 6.093791% |
Lean Hogs | 4.351381% |
Wheat | 4.772085% |
Corn | 5.873635% |
Soybeans | 7.766934% |
Soybean Oil | 2.765764% |
Aluminum | 6.851975% |
Copper | 5.880787% |
Zinc | 2.702377% |
Nickel | 2.659153% |
Gold | 6.220211% |
Silver | 2.000000% |
Sugar | 2.967351% |
Cotton | 3.163003% |
Coffee | 2.931553% |
These weights will be used to determine the Dow Jones-AIG Commodity Index Multipliers for 2006 on Jan. 6, 2006. These multipliers, computed once a year, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the index.
Launched in 1998, the Dow Jones-AIG Commodity index family includes nine sector sub-indexes, euro- and yen-denominated versions of the Dow Jones-AIG Commodity Index, and the Dow Jones-AIG Commodity Spot Index. Also available are total return versions of each of the indexes and sub-indexes, with the exception of the Dow Jones-AIG Commodity Spot Index. Currently, there is an estimated $20 billion invested in financial products that track the Dow Jones-AIG Commodity Index on a global basis.