Citi launches new commodity indexes

Investment bank Citi has launched a new commodity enhanced beta index series, called the Citi Cubes Commodity Indices.

"By investing further out on the curve, we not only provide clients with the potential for enhanced returns but also allow them to avoid some of the high volatility typically seen in front-month investments," says Ravi Ramachandran, head of commodity new products structuring at Citi.

The indexes invest in longer maturity futures contracts up to one year and are published in exce