NEW YORK, Oct. 11, 2011 (GLOBE NEWSWIRE) -- New target weightings for the Dow Jones-UBS Commodity Index and the addition of the Brent futures contract as part of the index's crude oil component were announced today by Dow Jones Indexes and UBS Investment Bank.
Changes to the index, scheduled to be effective in January 2012, were determined and approved by the Dow Jones-UBS Commodity Index (DJ-UBSCI) Supervisory Committee following consultation with the Dow Jones-UBS Commodity Index Advisory Committee.
The Supervisory Committee cited several factors for adding the Brent futures contract to the WTI (West Texas Intermediate) futures contract in comprising the crude oil component of the index: acknowledgment of Brent's economic significance as a global benchmark, the liquidity of the Brent futures contract and the actual production of the commodity itself. WTI will comprise approximately two-thirds of the index's crude oil weighting, with Brent accounting for the remainder.
Target weightings of all the DJ-UBSCI commodity components for 2012 – and, for comparative purposes, 2011 -- are listed below:
| 2012 Target Weight | 2011 Target Weight | |
| Natural Gas | 10.7651090% | 11.2189620% |
| WTI Crude Oil | 9.6871640% | 14.7092970% |
| Brent Crude Oil | 5.3128360% | 0.000000% |
| Unleaded Gasoline | 3.4059820% | 3.4966710% |
| Heating Oil | 3.4595290% | 3.5750700% |
| Live Cattle | 3.6349880% | 3.3591330% |
| Lean Hogs | 2.1126600% | 2.0000000% |
| Wheat | 4.9618090% | 4.6052380% |
| Corn | 6.6705200% | 6.9785370% |
| Soybeans | 7.0841970% | 7.8568150% |
| Soybean Oil | 3.3723860% | 2.9372440% |
| Aluminum | 5.8767470% | 5.2032850% |
| Copper | 7.0639490% | 7.5390900% |
| Zinc | 3.1187350% | 2.8493550% |
| Nickel | 2.5798400% | 2.2508150% |
| Lead | 0.0000000% | 0.0000000% |
| Tin | 0.0000000% | 0.0000000% |
| Gold | 9.7936330% | 10.4490670% |
| Silver | 2.7691330% | 3.2896330% |
| Platinum | 0.0000000% | 0.0000000% |
| Sugar | 3.7583900% | 3.3260140% |
| Cotton | 2.0000000% | 2.0000000% |
| Coffee | 2.5723950% | 2.3557730% |
| Cocoa | 0.0000000% | 0.0000000% |
The target weights are determined in accordance with construction rules described in the Dow Jones-UBS Commodity Index Handbook. These rules generally account for liquidity and production data in a 2:1 ratio, subject to further requirements for diversification and minimum weightings. The resulting weights will be used to determine the DJ-UBSCI Multipliers for 2012. These Multipliers, computed once a year in January, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the index.
Launched in 1998, the Dow Jones-UBS Commodity Index family includes nine sector sub-indexes, multiple-forward month indexes, indexes for each individual commodity in the original DJ-UBSCI, Euro-, Yen-, Sterling-, and Swiss Franc-denominated versions of the DJ-UBSCI, and the Dow Jones-UBS Commodity Spot Index. Also available are total return versions of each of the excess return indexes and sub-indexes. As of the end of the second quarter of 2011, an estimated $80.2 billion tracked the DJ-UBSCI family.
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).
About UBS
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets.
UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 37% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
The Dow Jones and UBS Commodity Index logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10832
"Dow Jones®", "Dow Jones Indexes", "Dow Jones-UBS Commodity Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones-UBS Commodity Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a futures contract in any of the Dow Jones-UBS Commodity Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such contract. The Dow Jones-UBS Commodity Indexes are based in whole, or in part, on the Sugar No. 11, Cotton No. 2, Coffee C, Cocoa, Brent Crude, Gasoil and FCOJ-A futures contracts owned by ICE Data, LLP and its Affiliates, and are used by CME Indexes with permission under license by ICE Data, LLP. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.