S&P Global Resources Select Equal Weighted Index Launched by S&P Dow Jones Indices
New Thematic Index Licensed to Bank of China Investment Management
PR Newswire
HONG KONG

HONG KONG, Oct. 18, 2012 /PRNewswire/ -- S&P Dow Jones Indices today announced the launch of the S&P Global Resources Select Equal Weighted Index which is designed to provide investors with broad, diversified exposure across a spectrum of commodities producers. Part of S&P Dow Jones Indices' thematic index family, the Index has been licensed to Bank of China Investment Management for the launch of a financial product in China.

The S&P Global Resources Select Equal Weighted Index is comprised of 100 of the largest publicly traded commodities and natural resources companies in five key markets: Australia, Canada, Hong Kong, UK and US. This Index is structured around three clusters, based on the GICS® classification:

  • Agriculture, with 30 constituents
  • Energy, with 25 oil and gas constituents and five coal constituents
  • Metals and Mining, with 20 industrial metals constituents and 20 precious metals constituents

Vinit Srivastava, director of strategy indices at S&P Dow Jones Indices commented: "The S&P Global Resources Select Equal Weighted Index provides an alternative entry to commodity markets versus traditional futures-based financial products. Another interesting characteristic of this Index is the equal-weighting, which gives a slight bias to smaller-cap companies within the Index."

To be eligible for inclusion in the S&P Global Resources Select Equal Weighted Index, constituents from the S&P Global BMI must have a total market capitalization above USD $1 billion and a three-month average daily trading value above USD $5 million as of each annual rebalancing. And constituents also must be traded on one of these stock exchanges: ASX (Australia), TSX (Canada), HKSE (Hong Kong), LSE (UK) or NYSE (US).

The Index is rebalanced annually. The constituents are reweighted quarterly in February, May and November.

For more information, please visit: www.spdji.com.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices