*~1Best~*
16 years ago
The S&P GSCITM provides investors with a reliable and publicly available benchmark for investment performance in the commodity markets. The S&P GSCITM is also designed to be a “tradable” index, readily accessible to market participants and cost efficient to implement. The index is calculated primarily on a world production-weighted basis and is comprised of the principal physical commodities that are the subject of active, liquid futures markets. As a result, the index is widely recognized as a leading measure of general price movements and inflation in the world economy. In order to reflect the performance of a total return investment in commodities, Standard & Poor’s calculates four separate but related indices based on the S&P GSCITM and a number of sub-indices representing components of the S&P GSCITM. The composition of the S&P GSCITM is reviewed on a monthly basis.
Index exhibits the following characteristics:
* Weighting: On a world-production weighted basis
* Contracts:Non-financial commodities
* Currency: U.S. dollar denominated
* Domicile: Traded on or through a trading facility which has its principal place of business in an OECD member country
Index Governance and Policy
The Index Committee, which is comprised of three full-time professional members of Standard & Poor’s staff and two members of Goldman Sachs Group, oversees the daily management and operations of the S&P GSCITM. Standard & Poor’s and the Index Committee are committed to maintaining the S&P GSCITM as a liquid, tradable index that serves as a principal benchmark for commodity investing. On at least a yearly basis, S&P also meets with an Index Advisory Panel to consult on matters relating to the composition and maintenance of the index.
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_gsci/2,3,4,0,0,0,0,0,0,2,1,0,0,0,0,0.html
*~1Best~*
16 years ago
iShares S&P GSCI Commodity-Indexed Trust (the Trust), formerly iShares GSCI Commodity-Indexed Trust, issues units of beneficial interest, called Shares, representing fractional undivided beneficial interests in its net assets. Substantially all of the assets of the Trust consist of interests in the iShares S&P GSCI Commodity-Indexed Investing Pool LLC (the Investing Pool). The investment objective of the Trust is to seek investment results, through its investment in the Investing Pool, which correspond generally to the performance of the S&P GSCI Total Return Index (the Index). The Investing Pool is a limited liability company. The Investing Pool holds long positions in CERFs, which are futures contracts listed on the Chicago Mercantile Exchange, which have a term of approximately five years after listing and whose settlement at expiration is based on the value of the S&P GSCI Excess Return Index, or S&P GSCI-ER, at that time.
The Index is intended to reflect the performance of a diversified group of commodities. The Index reflects the value of an investment in the S&P GSCI-ER together with a Treasury bill return. The S&P GSCI-ER reflects the returns that are potentially available through a rolling uncollateralized investment in the contracts comprising the S&P GSCI. Barclays Global Investors International, Inc. is the sponsor of the Trust and the manager of the Investing Pool. Barclays Global Investors, N.A. is the trustee of the Trust.
http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=GSG.P
*~1Best~*
16 years ago
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_gsci/2,3,4,0,0,0,0,0,0,1,3,0,0,0,0,0.html
*~1Best~*
16 years ago
http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_gsci/2,3,4,0,0,0,0,0,0,1,1,0,0,0,0,0.html
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