Dow Jones-AIG Commodity Index

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The Dow Jones-AIG Commodity Index is a benchmark index for the commodities markets that is composed of futures contracts on physical commodities and was introduced in 1998. The DJ-AIGCI is composed of futures contracts on 19 physical commodities. As of the end of the fourth quarter of 2008, an estimated $23 billion tracked the DJ-AIGCI group of indexes.

The companies behind the index are Dow Jones Indexes a provider of market indexes which it licenses for use as the basis of investment products and AIG Financial Products Corp.,a wholly owned subsidiary of American International Group, Inc.[1]

The DJ-AIGCI family of indexes includes nine sector sub-indexes, multiple forward month indexes, sub-indexes for each individual commodity in the original DJ-AIGCI, Euro-, Yen-, Swiss Franc-, and British Pound-denominated versions of the Dow Jones-AIG Commodity Index, and the Dow Jones-AIG Commodity Spot Index. Also available are total return versions of each of the excess return indexes and sub-indexes.

2009 Weights Of Dow Jones-AIG Commodity Index[edit]

The target weights for the Dow Jones - AIG Commodity Index (DJ-AIGCI SM) to be implemented in January 2009 and originally published on Aug. 13, 2008 are repeated below. The 2009 target weights were originally approved by the Dow Jones-AIG Commodity Index supervisory committee in August 2008.

  • Natural Gas - 11.8900640%
  • Crude Oil - 13.7526330%
  • Gasoline - 3.7091280%
  • Heating Oil - 3.6481740%
  • Live Cattle - 4.2853450%
  • Lean Hogs - 2.3988780%
  • Wheat - 4.7962120%
  • Corn - 5.7214090%
  • Soybeans - 7.5994330%
  • Soybean Oil - 2.8828690%
  • Aluminum - 6.9991660%
  • Copper - 7.3065410%
  • Zinc - 3.1424310%
  • Nickel - 2.8827230%
  • Gold - 7.8627470%
  • Silver - 2.8913020%
  • Sugar - 2.9931550%
  • Cotton - 2.2651500%
  • Coffee - 2.9726400%

These weights will be used to determine the new Dow Jones-AIG Commodity Index Multipliers for 2009 after the close of business on Jan. 7, 2009. These multipliers are computed once a year and represent factors used to express the percentage weights in U.S. dollar-denominated terms for each commodity. The 2009 Multipliers are implemented in the calculation of the Index over five days, starting before the opening of trading on Jan. 9, 2009.

Resources[edit]

Dow Jones – AIG Commodity Index Holiday Schedule


References[edit]