The S&P Managed Futures Index, ticker. SPHGMFI, is designed to be an investable benchmark focusing on trading methodologies that constitute a significant portion of the managed futures investment strategies, according to the news media release.
Further, the index is an expansion of the managed futures sub-set of the recently launched S&P Hedge Fund Index (See S&P Introduces Hedge Fund Index ), an index of 40 funds covering nine hedge fund investment strategies. Comparatively, the S&P Managed Futures Index has 14 constituents, four of which are also constituents of the S&P Hedge Fund Index.
As outlined in the release of the white paper detailing characteristics and pro forma performance of the index, the median fund has $347 million in assets, the median manager tenure is nearly eight years and the median fund staff is 24 full-time employees. More information including daily calculations, methodology, pro forma performance data, and constituents can be found on the S&P Indices area of www.standardandpoors.com .