According to the announcement, S&P has launched the S&P GSCI All Metals Index, the S&P GSCI All Metals Capped Commodity Index, and the S&P GSCI Agriculture Capped Component Index.
The S&P GSCI All Metals Index combines the S&P GSCI Precious and Industrial Metals indices for a broader measure of the metals market. The capped indices are part of the S&P GSCI Capped family of indices, which limit constituent weights and, according to S&P, “provide greater diversification for investors and structured product providers seeking to comply with European Union UCITS III directives”.
Standard & Poor’s also announced the launch of the S&P GSCI All Metals Capped Commodity and S&P GSCI Agriculture Capped Component indices on a real-time currency basis in the Euro currency. S&P noted that the S&P GSCI Light Energy and S&P GSCI Non-Energy Indices will also be added to the S&P family of currency indices calculated in the Euro on a real-time basis.
More information on the S&P GSCI is available at http://www.spgsci.standardandpoors.com.