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The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited.The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index from AIG.
Due to its construction both of these were not useful as an investment index. A later practically investable commodity futures index was the Goldman Sachs Commodity Index, created in 1991 and known as the "GSCI". [2] The next was the Dow Jones AIG Commodity Index. It differed from the GSCI primarily in the weights allocated to each commodity.
In just about every case the index is in fact a Commodity Futures Index. The first such index was the Dow Jones Commodity Index, which began in 1933. [23] The first practically investable commodity futures index was the Goldman Sachs Commodity Index, created in 1991, [24] and known as the "GSCI". The next was the Dow Jones AIG Commodity Index.
In commodities, bonds, and crypto: West Texas Intermediate crude oil decreased 3.32% to $73.39 a barrel. Brent crude , the international benchmark, dropped 2.61% to $76.76 a barrel.
The Dow Jones-UBS Commodity IndexSM aims to provide broadly diversified representation of commodity markets as an asset class. Key Features — The index is made up of exchange-traded futures on physical commodities. — The index represents 19 commodities, which are weighted to account for economic significance and market liquidity.
For the past few quarters, American International Group was king of the hedge fund hill, with more money managers picking the insurer than the perennial favorites, Apple and Google . But alas, all ...
You cannot invest in an index, but you can invest in a fund. A Commodity Index Fund is a fund which either buys and sells futures to replicate the performance of the index, or sometimes enters into swaps with investment banks who themselves then trade the futures. The biggest and best known such fund is the Pimco Real Return Strategy Fund.
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