The Bloomberg Commodity Index, formerly the DJ-UBS Commodity Index, is a broadly diversified index that tracks the commodities markets through commodity futures contracts. Since its launch in 1998, it has emerged as a leading benchmark of commodity markets. The headline index belongs to the class of first generation benchmarks because it offers passive exposure to the most liquid, front part of the futures curve. By capping exposure to sectors, the index avoids concentration to the energy sector and concomitant risk associated with other first generation indexes.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 360 commodities and 195 indices.
- Broad Market Indices include: Commodity, Commodity Total Return, Commodity AUD, Commodity EUR, Commodity EUR Total Return, Commodity GBP, Commodity GBP Total Return, Commodity CHF, Commodity CHF Total Return, Commodity YEN, and Commodity YEN Total Return.
Some of the data items available include:
- Commodity Items: Auction Rate, Commodity Index Multiplier, Contract Month, Contract Year, Daily Excess Return, Date of Portfolio, Difference in 3 Month Forward/ 3rd Wednesday Settle, Divisor Factor in Local Currency, Dow Jones Symbol Key, Exchange, Exchange ID Code, Exchange Identification Code, Investable Weight, Lead or Next Flag: L Designated to the Current Month, N Designated for the Next Future, Market Disruption Event Flag, Previous Investable Weight, Previous Settlement Price, Previous Weighted Average Value, Reuters Identification Code (RIC), Rolling Period Weight in Index, Settlement Price, Treasury Bill Daily Return, Weight in Index, Weighted Average Value in US Dollars, etc.
- Index Items: Country Code, Daily Hedged Price Index, Daily Hedged Return, Excess Return, Excess Ticker, Forward 2 Months Hedged Price Index, Forward 2 Months Hedged Total Return, Gross Index, Group Code, Hedged Price Index, Hedged Total Return, Index Range, Last Price Date, Opening Gross Index, Opening Price Index, Opening Weighted Average Value, Price Index, Return Ticker, Total Excess Return, Weighted Average Value, etc.