S&P DJI Commodity Indexes Reweighted For 2014

January 13, 2014

Neither the Dow Jones-UBS Commodity Index nor the S&P GSCI will undergo major changes in weighting or inclusion for 2014, according to S&P Dow Jones Indices press releases.

Natural Gas and WTI Crude Oil will undergo the largest weighting downshift in the Dow Jones-UBS Commodity Index, shifting from 10.4 and 9.2 percent, respectively, in 2013, to 9.4 and 8.5 percent, respectively, in 2014. Brent Crude Oil will see the largest upshift, from 5.8 percent weighting in 2013, to 6.5 percent in 2014.

WTI Crude Oil and Brent Crude Oil will also make the biggest weight shifts on the S&P GSCI, with WTI moving from 24.8 percent in 2013 to 23.7 percent in 2014, and Brent moving from 22.1 percent in 2013 to 23.1 percent in 2014.

The S&P GSCI is also considering a shift from gas oil contracts to low sulfur gas oil contracts, although changes wouldn’t be made before the March 2014 roll period, and one month’s advance notice of a shift would be issued.

The changes to both indexes will take effect in January 2014.

 

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