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

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

Dow Jones – AIG Commodity Index Holiday Schedule


References

  1. The Companies Behind the Indexes: Dow Jones Indexes and AIG Financial Products Corp.. DJ Indexes.