NEW
YORK, June 18, 2024 /PRNewswire/ -- Bloomberg
today announced the launch of BERY Sectors Indices, an innovative
addition to the Bloomberg Enhanced Roll Yield (BERY) index,
designed to provide investors with enhanced exposure to commodities
market sectors.
In the midst of market volatility and elevated inflation levels,
commodities have emerged as a resilient asset class, offering
investors a hedge against uncertainty and a source of positive
returns. Building upon the success of the BERY Index launched in
June 2021, the BERY Sectors indices
extends those benefits to the thirteen individual sectors within
the Bloomberg Enhanced Roll Yield: Energy, Petroleum, Industrial
Metals, Precious Metals, All Metals, Energy & Precious Metals,
Grains, Grains plus Derivatives, Softs, Agriculture, Livestock,
Agriculture & Livestock and BERY ex-Agriculture &
Livestock.
"As inflation concerns continue to influence investment
strategies, commodities have emerged as a critical component for
hedging portfolios," said Jigna
Gibb, Head of Commodities and Crypto Index
Product at Bloomberg Index Services Limited. "With three years of
live history the BERY Sectors Indices not only offer investors
exposure to commodity sectors, but also provide a powerful tool for
preserving purchasing power and accounting for economic factors
that impact portfolios."
The BERY index is a broad-based, long-only commodity benchmark
that incorporates aspects of risk-premia strategies. The index
diminishes the traditional trade-off between liquidity and
performance, and ultimately seeks to provide high capacity and
mitigate the impact of negative carry and reduce roll congestion.
The thirteen new Bloomberg BERY Sectors Indices embed the key
features of the parent BERY index strategy, including:
- Curve Premium: Allocates up to the first four futures
contracts with the deepest liquidity, optimizing exposure and
performance.
- Carry Premium: Seeks to capture carry premium by
providing greater exposure to commodities that trade in
backwardation as opposed to contango through weight tilting.
- Wide Eligible Universe: Expands the eligible universe of
commodities to include additional components such as Feeder Cattle
and Tin, providing investors with more diversified portfolio
options.
Bloomberg provides an independent, transparent approach to
indexing for customers across the globe. Bloomberg Terminal clients
can access the indices at {IN <GO>} and relevant fact sheets,
methodology and research for the new indices are available on the
Bloomberg Commodities Indices Publications page.
About Bloomberg Index Services Limited
Bloomberg's
index team has a proven track record in creating industry leading
and bespoke indices across asset classes, including best in class
fixed income and commodity indices. Bloomberg Index Services
Limited (BISL) takes an innovative approach to delivering strategic
benchmarks that help market participants address their evolving
needs. As an integral part of Bloomberg, BISL has access to a
comprehensive range of trusted data and reliable technology for
calculations, analytics and workflow automation, along with
distribution capabilities that can help amplify the visibility of
our customers' products.
About Bloomberg
Bloomberg is a global leader in
business and financial information, delivering trusted data, news,
and insights that bring transparency, efficiency, and fairness to
markets. The company helps connect influential communities across
the global financial ecosystem via reliable technology solutions
that enable our customers to make more informed decisions and
foster better collaboration. For more information, visit
Bloomberg.com/company or request a demo.
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SOURCE Bloomberg