NEW YORK, Aug. 22, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today the launch of the S&P GSCI® All Metals 3 Month Forward and S&P GSCI All Metals 3 Month Forward Capped Component. These Indices are designed to measure the precious and industrial metal commodity markets while seeking to reduce negative roll yield in times of contango.

"These indices provide global market participants with investible benchmarks across both the precious metal and industrial metal commodity markets," says Jodie Gunzberg, Vice President at S&P Dow Jones Indices. "The indices combine the safe haven characteristics of precious metals with the economically sensitive characteristics of industrial metals."

The Indices use the First Nearby Contract Expirations of the S&P GSCI - moved three months forward from the present date - and weight the metals in proportion to the weightings derived from the S&P GSCI methodology. The capped component version applies capping according to the ESMA guidelines on UCITS issues.

The launch of the S&P GSCI All Metals 3 Month Forward and S&P GSCI All Metals 3 Month Forward Capped Component expand the S&P GSCI family. The S&P GSCI is the first major investible commodity index. It is one of the most widely recognized benchmarks that is broad-based and production weighted to represent the global commodity market beta. 

For more information, please visit www.spdji.com/index-family/commodities/sp-gsci.  

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, 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 Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of 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 asset 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. 

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SOURCE S&P Dow Jones Indices LLC